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- Purpose-Built Apartment Block – Fully Let – 24 Flats
Purpose-Built Apartment Block – Fully Let – 24 Flats
Asking Price
- £6,000,000
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
-
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.
Property type
Block of Apartments
Held In SPV
N/A