48 Liverpool Road, Cadishead, Manchester, M44

Einzelheiten

9.9% YIELD! FREEHOLD INCLUDED SCOPE TO CONVERT LOFT SPACE Low Key Marketing - Mr Investa Website Exclusive

Current Rental Income; Ground Floor - 2 Bedroom Flat: £825pcm / £9,900pa (let on a 12 month AST until January 2025) First Floor - 3 Bedroom Flat: £1,235pcm / £14,820pa (HMO let on a 5 year lease with 3.5 years left) Ground Rent from other 2 apartments: £50pa each / £100pa

Total Combined Income: £24,820 per annum Yield: 9.9%

NOTE: The vendor has advised that they self manage the block, however the service charge for each flat is £88pcm/£1,056pa with any money left over going into a sinking fund for any future major remedial works. The current owner pays their share of the service charge for the two flats.

Video Walkthrough Now Available For Both Flats!

Mr Investa are pleased to present this exclusive off market investment opportunity with these two refurbished flats, within a block of four, that are now tenanted and generating immediate income. Investors will also benefit from receiving the ground rent income from the other two units. The block is managed by the current owner.

In brief the properties comprise; Ground Floor: Private entrance to hall, two double bedrooms, inner hallway, living room, kitchen and shower room. Access to basement currently used as storage.

First Floor: Communal stairs, entrance hall with storage room, living room, kitchen, three bedrooms and a bathroom.

Potential to convert loft space into a second floor and add another two bedrooms to create a five bedroom HMO flat. See architect drawing in floorplans.

Idyllic location between Cadishead and Irlam, adjacent to Manchester Ship Canal with a variety of shops, cafes and eateries nearby. Walking distance to Irlam Train Station. The M6/M60 motorway links are easily accessible.

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.