Corkland Road, Chorlton, Manchester, M21 8UP

PREVIOUSLY ACHIEVING £33,000 PER ANNUM, WITH FULL PLANNING GIVING THE OPPORTUNITY FOR FIVE FURTHER FLATS offering SCOPE TO MAXIMISE YOUR RETURN. The property is located within walking distance into Chorlton Village, the Metrolink and Chorlton Park. OFFERED FOR SALE TO CASH BUYERS AND EXPERIENCED INVESTORS ONLY. 6140 Sq.Ft

The upper floors of the development consists of two x two bed apartments, two x one bed apartments, all currently let out in their current condition, generating a combined monthly rental of £2,650 which could be potentially increased if upgrades or improvements are made.

The commercial ground floor unit is currently vacant and was previously used as a doctors practice with access to the converted cellars, spanning the footprint of the property and achieving a yearly income of £33,000. There is full planning permission in place for the ground floor and basement levels to be converted into five self-contained flats (plans available on request).

A rare opportunity to acquire a substantial double-fronted detached period conversion consisting of four residential apartments, currently generating an annual rental income of £31,800, together with a commercial ground floor unit and cellars, which previously achieved £33,000 per annum. The property also benefits from full planning permission for the creation of five additional flats, offering significant scope to maximise investment returns.

Ideally located within walking distance of Chorlton Village, Chorlton Metrolink Station and Chorlton Park, this is an exceptional opportunity for investors seeking a value-add development project.

Offered for sale to cash buyers and experienced investors only.

6,140 sq ft

The upper floors comprise two two-bedroom apartments and two one-bedroom apartments, all of which are currently tenanted and generating a combined rental income of £2,650 per calendar month. There may be potential to increase rental yields through refurbishment or further improvement works.

The commercial ground floor unit is currently vacant and was most recently occupied as a doctor's surgery. It benefits from access to the converted cellars, which extend across the footprint of the property. The commercial premises previously generated an annual income of £33,000. Full planning permission is in place for the conversion of the ground floor and basement levels into five self-contained apartments.

Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.

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