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  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio
  • Greater Manchester Residential Property Portfolio

Available - For Sale

Greater Manchester Residential Property Portfolio, Manchester, M2 4WU

Price £875,000

  • Residential Portfolio comprising 10 Properties
  • Scope to Re-gear with Break-up Value
  • Previous Gross Rental Income: £117,564 per annum
  • Potential Gross Yield of 13.4%

Location
All of the properties are located within Greater Manchester & Lancashire. Greater Manchester is the third largest metropolitan county in the UK, after Greater London and the West Midlands.

Four of the properties are located in Manchester which is a major city and metropolitan borough with an estimated population of 2.8 million in 2019.

Two of the properties are located in the metropolitan borough of Bolton, which is situated approximately 12 miles north west of Manchester City Centre. The borough of Bolton had an estimated population of 285,000 in 2018.

Three of the properties are located in the metropolitan borough of Burley, Lancashire, which is situated approximately 30 miles north of Manchester City Centre. The borough of Bolton had an estimated population of 88,000 in 2018.

One of the properties are located in the metropolitan borough of Wigan, which is situated approximately 20 miles west of Manchester City Centre. The borough of Wigan had an estimated population of 326,000 in 2018.

Summary
A residential portfolio comprising ten properties located throughout Greater Manchester & Lancashire previously multi-let and/or occupied as a single
household dwelling.Potential to add value in rental enhancement, capital appreciation with scope for refurbishment. Ability to add further value by of break-up value selling off properties individually.

Properties

2 Meadow Street, Manchester, SK14 1RA: vacant – previously occupied as a 5 bed HMO producing £2,102 pcm.
24 Castle Street, Bolton, BL2 1AD: occupied – 4 bed HMO currently occupied by two tenants producing £1,062 pcm.
486 Manchester Road East, Manchester, M38 9NS: vacant – previously occupied as a 5 bed HMO producing £1,843 pcm.
13a Ryder Brow Road, Manchester, M18 7ED: vacant – previously occupied as a 4 bed HMO producing £1,500 pcm.
50 Scarlett Street, Burnley, BB11 4LQ: vacant – previously occupied as a 4 bed HMO producing £1,127 pcm.
75 Raglan Road, Burnley, BB11 4LB: occupied – 2 bed terrace let at £368 pcm.
4 Westmorland Street, Burnley, BB11 4PN: occupied – 2 bed terrace let at £365 pcm.
10 Thorne Street, Bolton, BL4 7LQ: occupied – 2 bed terrace let at let at £430 pcm.
21 Smiths Lane, Wigan, WN2 4XR: occupied – 2 bed terrace let at £450 pcm.
82 Pinnington Road, Manchester, M18 8WR: occupied – 2 bed terrace let at £550 pcm.

Price
£875,000.

Viewings
Strictly by appointment via the sole agents SK Real Estate (Liverpool) Ltd Tel: 0151 207 9339 / Contact: Tom Pearson
(tom.pearson@skrealestate.co.uk).

Listed By:

SK Real Estate
2 Cotton Street,
Liverpool, L3 7DY
Tel: 0151 207 9339
Email: commercial@skrealestate.co.uk

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