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11 bedroom apartment for sale

Woolfield House, Wash Lane, Bury BL9 6BJ - 11 Flats and approval for another 4 x 1 Bed Apartments.
Investment Opportunity
Apartment
11 beds
Added > 14 days

Key information

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Features and description

  • Investors Only
  • 11 Flats comprising of nine 1 bedroom flats and two 2 bedroom flats
  • With allocated parking available on site
  • Serious potential for further growth as planning has been approved for a further four one bedroom flats to be developed on the site
  • Upon completion of site Estimated GDV £2 Million

Buraq Estates is delighted to present a new development which has just been completed and made available for purchase for investors at £1.6 Million. The property is situated in an ideal location whereby The Rock and M66 are located half a mile from both East and West sides of the property with local amenities such as Aldi, Tesco and local convenience stores also within walking distance.



The two-story development comprises 9 x 1 bedroom flats and additionally 2 x 2 bedroom flats. A total of 11 units are made available. The site also has planning approved for purpose-built 4 x 1 bedroom flats to be built on the land available. The current owner has been quoted £200,000 for the works to be conducted for the purpose-built flats.



 Making the total units available a total of 15 units. 



The title of the property is to be sold as a Freehold.








The rental value that can be accomplished is as follows (circa)



9 x 1 bedroom flat = £6750



4 x 1 bedroom flat = £3000 - Upon completion of the approved site



2 x 2 bedroom flat = £2000



Total:  £8750 per calendar month for 11 units



Total: £11,750 Per calendar month for total units upon completion of the additional four 1 bedroom flats.



Yield: 6.6% 



Yield upon completion of the four individual flats: 8.8%
















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About this agent

Buraq Estates - Fallowfield
Buraq Estates - Fallowfield
314 Wilmslow Road Fallowfield, Lancashire M14 6XQ
0161 506 8653
Full profileProperty listings
Buraq Estates specialise in luxury Homes for Young Professionals and Students. We currently manage a portfolio of over 800 properties.  If you are looking for a modern flat off Oxford Road near universities, luxury apartments in town or larger houses in the heart of Fallowfield or Withington there really is something for everyone. Our team knows the area and local market better than anyone, over the last 13 years we’ve crafted a way of working that is unique to us, and proven to get the best results for you. We specialise in achieving high yields for our clients with minimum hassle and offer a bespoke service to every individual.
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