We have been instructed to sell a block on 6 flats on Greenbank Terrace in Heaton Norris. The development comprises of 2 x Studio flats on the top floor and 4 x Two Bedroom flats. All of which are currently tenanted and fetching a combined annual rental return of £35,940.
The property will be coming to the sales market at £525,000 making the yield out to be around 7%.
The property is nestled off the road down a pathway with plenty of greenery, giving a secluded feel to the development. There is resident parking to the rear and a large staircase leading up to each individual apartment. The properties themselves are spacious inside with plenty of ceiling height giving an open and airy feel to each property.
We do not have any marketing material on the property as of yet and the property is not yet on the open market, however should you be interested in a development opportunity such as this please do give me a call on 0161 442 1118 and I will ensure you are provided with the details when they are made available.