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5 bedroom block of apartments for sale
Great King Street, Macclesfield, SK11
£700,000
Great King Street, Macclesfield, SK11
£700,000
Price History
Initial price | £750,000 |
03/09/24 | £740,000 |
08/11/24 | £700,000 |
Price Change | -6.67% |
Description
This unique property conversion offers an exceptional investment opportunity, comprising four apartments - three one-bedroom and one two-bedroom - located just steps from Chestergate in Macclesfield's up-and-coming area. The three one-bedroom apartments are currently rented, generating a combined annual income of £31,380, while the two-bedroom apartment has the potential to achieve an open market rent of £13,200 per annum. With a forecasted annual income of £44,580, the property offers a gross yield of around 6% for an investor, making it an attractive proposition for those looking to generate passive income.