This unique investment opportunity presents a collection of four three-storey houses that have been transformed into twelve rental apartments, with significant potential for further development. Currently generating an annual rental income of £107,316, this property offers a solid foundation for both immediate cash flow and future enhancement.
Situated in the vibrant heart of Sale, the property benefits from close proximity to a variety of local amenities including shops, parks, and excellent transport links. This location not only attracts renters but also positions the property well for long-term value appreciation.
The existing layout features six two-bedroom and six one-bedroom apartments, each comprising an entrance hallway, living area, kitchen (either separate or open plan), and bathroom. This configuration has proven to be appealing to tenants, ensuring consistent occupancy.
Additionally, the property boasts unconverted cellars that span the footprint of the buildings. These spaces come with approved planning permission for conversion into four additional two-bedroom apartments, offering a straightforward path to expand your portfolio and enhance rental income potential.
At the front of the property is a garden area leading to individual entrances for each building. There is ample off-road parking available for residents accessible via Stamford Place. The cellars are conveniently located near the rear car park, facilitating easy access for any renovation work.
Overall, this freehold property not only provides reliable current returns but also presents numerous avenues for future investment growth through renovations and further development opportunities.
