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Portfolio Properties

Purpose-Built Apartment Block – Fully Let – 24 Flats

Asking Price

Location

Manchester

Number of Unites

24

Tenure

Freehold

Property Conditions

Refurbished

Type of property

Block of Apartments

Current Rent

£550,000

Potential Rent

-

Current Yield

9.17%

Potential Yield

-

About this Property

A rare opportunity to acquire a fully leased block in North Manchester. The scheme comprises 24 self-contained apartments:

•17 x 2-bed units

•5 x 1-bed units

•2 x 3-bed units

The property is currently let on a 25-year FRI lease with no break clause, generating a guaranteed rental income of £550,000 per annum. Price increases can be negotiated at set periods / increase with inflation year on year.

Priced at £6,000,000, this represents a long-term, hands-off investment secured by a single institutional tenant. Strong location with consistent rental demand and excellent connectivity into Manchester city centre.

Ideal for investors seeking a fully passive income-backed asset with long-term security.

Additional Information

Property type

Block of Apartments

Held In SPV

N/A

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