The property comprises an attractive mid terraced period building which has been converted to provide four high quality residential apartments. The property is set back from Talbot Road and has an attractive gated entrance to the front and landscaped patio and entrance to the rear.
Parking is also available to the rear for circa 10 cars. This land also offers development potential in our opinion.
The main entrance is from the rear of the property which leads to the duplex apartment and communal areas and stairs.
The apartments present very well consisting of a modern fit out with open plan kitchen and living rooms. The flats benefit from electric heating throughout, excellent sound installation and are each separately metered.
PROPOSED SCHEME
The property provides a strip of land to the rear of the building which is hard surfaced and provides parking for circa 10 cars. It is in our opinion that this land would be suitable for redevelopment and our client has taken planning advice and Spazio Architects has designed an indicative scheme to provide two x 1 bed duplex luxury apartments.
A planning application is pending ready to be submitted and the property can be purchased with the benefit of the pending planning application and its supporting material.
( Agency Pilot Software Ref: 667 )
Location
The property is situated on the north side of Talbot Road (A5014) in close proximity to White City Way (A5063) in Old Trafford, Manchester.
Chester Road (A56) is within close proximity which provides easy access into Manchester City Centre which is approximately 2 miles north east and also to Junction 7 of the M60 orbital motorway which is approximately 3 miles south west. White City Retail Park is within easy walking distance with a number of major retail occupiers and supermarkets.
Manchester United’s Football Ground, Old Trafford is within easy walking distance. Old Trafford and Trafford Bar Metrolink Stations provide direct access into Manchester City Centre and are within very close proximity.
Accommodation
Flat 1 - 1 Bedroom - £XXX pcm
Flat 2 - 1 bedroom - £XXX pcm
Flat 3 - 1 bedroom - £XXX pcm
Flat 4 - 2 bedrooms - £XXX pcm
Total - £XXX per annum
Terms
Method of Sale - This opportunity is for sale by way of private treaty. However, we reserve the right to conclude marketing via an informal tender process.
VAT - The property is not VAT elected.
EPCs - Are available upon request.
Proposal - We are instructed to seek offers in the region of £XXX (Five Hundred and Ninety Five Thousand Pounds) subject to contract. A purchase at this level and in line with the estimated rental values would reflect a gross yield of 6.1%.
Specification
- Unbroken freehold interest comprising 4 apartments
- Situated in Old Trafford, a commuter hotspot for Manchester City Centre
- Excellent transport infrastructure
- Attractive new apartments
- Further development potential
- The property benefits from car parking spaces and landscaped areas
- Attractive break up or investment opportunity