Rare Freehold Residential Investment opportunity, comprising 8 self contained apartments over 4 floors with the total square footage being 4271 sq ft.

The residential accommodation comprises:

1 x studio
6 x 1 beds
1 x 2 bed

There is outdoor shared space along with off street car parking.

The building has been well maintained but with further scope for refurbishment works and potential for reconfiguration to add additional bedrooms. All flats have EPC’s and safety certification in place.

The current passing rent is £92,640 per annum with all flats occupied to professional tenants.

The current rents do not all represent market rent and there is further scope to improve the values. We consider the aggregate estimated rental value to be £94,800 per annum. There is high demand for short lets in the area due the proximity to the city centre and this represents a further opportunity to increase the yield.

In the areas it operates, Thornley Groves is the clear market leader in terms of service, range of property choice and volume of transactions, while at the same time is one of the area’s most recognisable brands. In the last 12 months Thornley Groves has acquired and integrated four other estate agency businesses as it leads the consolidation play that is sweeping estate agency, especially the letting and management sector. Penny Ashton Estate Agents, Allison & Co's Manchester Lettings Business, Vital Space Manchester and Shepherd Gilmour Estate Agents are all now part of Thornley Groves. With other acquisitions in the pipeline, there is no sign that the next twelve months will be any different. Letting and Management Today the business manages over 3,000 properties for more than 2,500 landlords and puts in place over 2,600 new tenancies every year for the many thousands of individuals who call City Centre and South Manchester their home. Thornley Groves’ Property Management Team is responsible for making sure the residents live in homes that are fully functioning, overseeing repairs, maintenance and improvements when things break down and providing new places to live when they decide to move. They carry out over 10,000 routine inspections every year of the properties they manage on behalf of landlords to ensure their property is being cared for and that the tenants are happy. Sales Speak to anyone in our agency sales team in person or over the telephone and you will be struck by their professionalism and enthusiasm; all have a wealth of experience and pride themselves on their in-depth knowledge of the local area in which they specialise. Managers and staff have worked in our business for years, some of them for more than 20 years, many for more than 10 years. We are not your fresh faced start-up looking to list your home with gimmicks and special offers. We are connected to the population of each area; they know us, they tell us when they are planning a family and looking to move home, they tell us when they feel ready to downsize. We know who will be interested in your home when you list with us - it’s not about marketing, it’s about being part of the local community. Call us now for an appraisal of your home and we'll share our knowledge of the market and the likely demand for your home.

No longer on the market

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