2 pictures
Flat
·
for sale
£ 570,000
New
5 bed flat for sale
SK12
· 5 Bedrooms · Flat
SK12 · 5 Bedrooms · Flat
Exceptional Residential Investment Opportunity Six Apartments Within a Single BuildingA rare opportunity to acquire a residential investment portfolio comprising six self-contained apartments within a single historic building, held under one freehold title and situated in the heart of New Mills.The building, formerly the George Hotel, has been sympathetically refurbished to provide six independent residential apartments, with one property accessed directly from High Street. The prominent frontage is Grade II listed, adding to the property's character and historic appeal.When fully occupied, the portfolio generates an annual rental income of approximately 39,720, representing a gross yield of approximately 7.0% based on the asking price of 570,000.There is further potential to increase the rental income through future rent reviews and optimisation of the individual apartments. If all six apartments were to achieve 650 per calendar month, the combined annual rental income would increase
Exceptional Residential Investment Opportunity Six Apartments Within a Single BuildingA rare opportunity to acquire a residential investment portfolio comprising six self-contained apartments within a single historic building, held under one freehold title and situated in the heart of New Mills.The building, formerly the George Hotel, has been sympathetically refurbished to provide six independent residential apartments, with one property accessed directly from High Street. The prominent frontage is Grade II listed, adding to the property's character and historic appeal.When fully occupied, the portfolio generates an annual rental income of approximately 39,720, representing a gross yield of approximately 7.0% based on the asking price of 570,000.There is further potential to increase the rental income through future rent reviews and optimisation of the individual apartments. If all six apartments were to achieve 650 per calendar month, the combined annual rental income would increase
£ 570,000