Floorplan
Map3 bedroom apartment for sale
Key information
Features and description
- *potential gross yield in excess of 10%*
- Ready made investment with all units having tenant in situ.
- We are advised all three units hold an EPC grade 'C' and council tax band 'A'
- We are advised the tenants of the ground floor units have been in situ for a number of years
- Well located approximately a 0.7 mile walk from the station
- Opportunity for modernisation to potentially improve rental value.
- We are also able to assist with the management of the properties once purchased - ask for further detail.
- 16 and 18 Cross Street, SK11 7 PG and 10a Old Mill Lane, SK11 7 PA
Presented to market as a portfolio investment, these three apartments - 16 and 18 Cross Street SK11 7PG, and 10a Old Mill Lane SK11 7PA - are all one bedroom and will be sold with tenants in situ, with a potential income £1885 pcm in total (the ground floor units currently £595pcm and the first floor unit £695pcm).
We are advised that the EPC rating for all three units is a grade 'C', and we are also advised all three are council tax band 'A' making them appealing options for any future tenants.
Located in walking distance to the town centre, they have historically provided a steady return for our client, who is now looking to retire while leaving his tenants in good hands, having enjoyed a fruitful relationship for several years.
Macclesfield itself currently benefits from a buoyant rental market, supported by major employers such as Astra Zeneca and the recent arrival of The Christie at Macclesfield Hospital as part of a significant investment into the hospital on the whole. The town also benefits from excellent commuter links, being on mainline to Manchester (regular trains taking 22mins) and London (regular trains that can take as little as 1hr42mins).
Please note - Some photographs are from prior to the current tenants moving in, and while the landlord has advised he has been happy with the tenants treatment of the properties, internal inspection is suggested to satisfy any prospective purchaser of condition.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
MAC250255/2
Rooms
Main Description
*ATTENTION INVESTORS - POTENTIAL GROSS YIELD IN EXCESS OF 10%*
Presented to market as a portfolio investment, these three apartments - 16 and 18 Cross Street SK11 7PG, and 10a Old Mill Lane SK11 7PA - are all one bedroom and will be sold with tenants in situ, with a potential income £1885 pcm in total (the ground floor units currently £595pcm and the first floor unit £695pcm).
We are advised that the EPC rating for all three units is a grade 'C', and we are also advised all three are council tax band 'A' making them appealing options for any future tenants.
Located in walking distance to the town centre, they have historically provided a steady return for our client, who is now looking to retire while leaving his tenants in good hands, having enjoyed a fruitful relationship for several years.
Macclesfield itself currently benefits from a buoyant rental market, supported by major employers such as Astra Zeneca and the recent arrival of The Christie at Macclesfield (truncated)
10A OLD MILL LANE
Private Entrance Hall to 10a Old Mill Lane
UPVC entrance door. Wood effect flooring.
Bathroom
2.5m max x 2.06m - White suite comprising WC, wash basin and bath with over bath shower and glazed side screen. Tile effect flooring. Part tiled walls. Heated towel rail. UPVC window. Extractor fan.
Kitchen 4.27m x 3.2m (14' 0" x 10' 6")
Modern kitchen providing range of base wall and drawer units and work surface incorporating stainless steel single drainer sink unit with mixer tap. Electric hob with filter hood above and oven below. Undercounter fridge. Washing machine. Dryer. Two UPVC double glazed windows. Wall mounted Vaillant combi boiler. Wood effect flooring continued.
Bedroom 3.8m x 3.35m (12' 6" x 11' 0")
UPVC double glazed window. Radiator. Loft access. Carpet.
Living Room 4m x 3.23m (13' 1" x 10' 7")
UPVC double glazed window to front. Meter cupboard. Radiator. Carpet.
16 CROSS STREET
Living Kitchen in 16 Cross Street 7.67m x 4.2m (25' 2" x 13' 9")
UPVC double glazed window to front. UPVC entrance door. Meter cupboard. Two radiators. Wood effect floor. The kitchen area provides a range of base wall and drawer units with wood effect work surface incorporating a gas hob with filter hood above and oven below. Stainless steel single drainer sink unit with mixer tap. Undercounter fridge. Tall standing fridge freezer. Tiled splashbacks.
Shower Room 2.51m x 1.93m (8' 3" x 6' 4")
Tile effect floor. 3 Piece suite providing WC, wash basin and corner shower enclosure with tiled splashbacks. Cupboard housing the washing machine and dryer.
Bedroom 3.48m x 2.9m (11' 5" x 9' 6")
UPVC door providing rear access with UPVC double glazed window either side. Wall mounted Gloworm boiler.
18 CROSS STREET
Private Entrance Hall to 18 Cross Street
UPVC entrance door giving rear access. UPVC double glazed window.
Living Kitchen
6.73m max x 3.25m max - UPVC entrance door. UPVC double glazed window to the front. The kitchen area provides a range of base wall and drawer units with wood effect work surface incorporating gas hob with filter hood above and oven below. Washing machine and dryer. Undercounter fridge. Wall mounted Gloworm boiler.
Bedroom 3.48m x 2.84m (11' 5" x 9' 4")
Four UPVC double glazed windows. Radiator. Carpet.
Shower Room
2.8m max x 1.42m - Suite providing WC, wash basin and shower enclosure with tiled splashbacks. Extractor fan. Heated towel rail. Shelving to the alcoves. Tile effect floor.
Directions
From our Reeds Rains office turn left onto Waters Green and right onto Sunderland Street. At the crossroads/traffic lights turn left along Mill Lane and proceed through the traffic lights into Cross Street where the ground floor units can be identified further along on the left hand side.
For rear access to the ground floor units and access to the first floor unit, bear left onto Old Mill Lane once through the pedestrian crossing. On the right hand side between numbers 10 and 12 Old Mill Lane is a gated entrance to the alleyway that provides access.
Agents Note
We are advised the Tenure is Leasehold
Term: 999 Years from 25 March 1817
We are advised that all three flats are Council tax band A, payable to Cheshire East Council
As previously stated please note some photographs were taken prior to the current tenants moving in. Internal inspection is suggested to satisfy the prospective purchaser of condition.
To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.
Property information from this agent
About this agent
