12 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Converted less than 10 years ago
- Fully let for £6200pcm
- 6.8% yield
- Six parking spaces
- Central Northenden, 100 yards from Palatine Road
- All flats are EPC 'C' rating
* Investment opportunity: Freehold block of apartments in central Northenden *
Nicholas Humphreys are delighted to bring this freehold block of 6 x two bedroom apartments to the market. The development gained planning permission in 2013 and was completed around 2015.
The block is just a hundred yards from the centre of Northenden Village where there are an array of shops, cafes and bars, as well as good transport links.
Each flat typically consists of an open plan living/kitchen, two double bedrooms and a family bathroom with shower. Each flat also benefits from its own parking space.
All of the apartments are council tax band A and have an EPC rating of C. There are six parking spaces on the Kingsley side of the building. The block benefits from double glazing and all flats have gas central heating. The properties are let unfurnished.
Each flat typically consists of:
Open plan living/kitchen space with breakfast bar and plenty of room for sofas, the modern white gloss kitchens are fitted with a fridge freezer, washing machine, oven, and gas hob with extractor hood. There are two double bedrooms and a bathroom with a W/C, wash hand basin and a bath and shower (some have a separate bath and shower cubicle and some have showers over the bath).
The building is currently let for a total of £6200pcm, which equates to a 6.76% yield. The current rental schedule is:
£1000pcm 6 month AST which started March 2024
£1000pcm 12 month AST which started January 2024
£1200pcm 6 month AST which started April 2024
£1000pcm 12 month AST which started April 2024
£1000pcm 12 month AST which started March 2024
£1000pcm 6 month AST which started March 2024
REFERRAL ARRANGEMENT NOTE
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Hargeaves Gilman, Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the broker named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £250 from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them.
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Property reference P2646. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Nicholas Humphreys - Manchester.
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