This Freehold Portfolio Property features a collection of eight apartments, generating an estimated annual income of approximately £96,000. Each unit benefits from individual leases that extend for around 125 years, providing a stable income stream in a sought-after location. The property sits on a plot of approximately 5,663 square feet, offering ample space for potential enhancements.
Ideally positioned near Salford Quays and the bustling employment hub of Media City, this property is also conveniently close to Manchester city centre. With the ongoing expansion plans for Media City set to double its size by 2030, this area is poised for increased demand and appreciation in both rental values and overall property prices. The local tram service offers easy access to Manchester’s vibrant business districts and amenities, with key destinations reachable within just minutes.
The Freehold land and building present significant renovation and investment potential. There are opportunities to explore extensions—subject to planning permissions—including the possibility of converting loft or basement spaces into additional accommodation. Furthermore, a complete redevelopment of the existing site could allow for the addition of further floors and new individual units, maximizing the property's value.
Currently, the property comprises five one-bedroom apartments as well as three two-bedroom, two-bathroom units. This mix offers diverse rental opportunities and positions the portfolio well within the competitive housing market.
