Description

We are delighted to present a rare investment opportunity comprising five apartment blocks offered for sale for the first time in 60 years.

Collectively, the portfolio includes 20 apartments, offering a range of opportunities for the discerning investor.

The portfolio in brief consists of:

• 15 apartments let on Assured Shorthold Tenancies (ASTs)
• 3 apartments held on Regulated Tenancies
• 2 vacant apartments

There is clear scope to enhance rental income across the portfolio (currently achieving circa £166,000pa), with value-add opportunities through refurbishment/redecoration, redevelopment (subject to any relevant permission) and proactive asset management.

Four of the apartment blocks positioned on Old Lansdowne Road, Cresswell Grove, and Queenston Road are situated in the highly desirable suburb of Didsbury, South Manchester.

Didsbury is one of the region’s most sought after residential locations, renowned for its vibrant village atmosphere, excellent schools, boutique shops, and a wide selection of cafés, bars, and restaurants.

With strong transport links, including the Metrolink, direct access to Manchester city centre and the airport, and nearby green spaces such as Fletcher Moss Park, Didsbury offers an unrivalled lifestyle appeal that consistently drives tenant demand.

The fifth apartment block is located on Sherwood Avenue, Sale, another thriving and popular South Manchester suburb.

Sale is a highly coveted location, thanks to its outstanding schools, attractive parks, and thriving town centre. With excellent connectivity via the Metrolink and motorway network, coupled with a strong rental market and growing demand from young professionals and families alike, Sale continues to be a key hotspot for investment.

For full rental schedule and particulars, please contact the Savills Manchester office.

General:
Prospective buyers are advised to review all imagery/information for each apartment and satisfy themselves with internal inspections on all apartments.