An exceptional opportunity to acquire this impressive bespoke built conversion of four apartments with a forcasted annual income of ?44,580 per annum, mere steps from Chestergate, a burgeoning area of Macclesfield. On offer we have three one bedroom apartments and one two bedroom apartment, as well as the freehold. The three one bedroom apartments are currently rented achieving a combined yearly rent of ?31,380 and with an achievable open market rent of ?13,200 per annum on the two bedroom apartment. Combined the building offers a gross yield in the region of 6% for an investor.Council tax band: B, Tenure: Freehold, EPC rating: C
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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