About This Listing
Apartment for sale on Church Street offers a rare opportunity to acquire a high-yield, income-producing freehold property in Eccles, Manchester.
The property, known as The Duke of York, is a striking three-storey brick building featuring classic Tudor architecture. Apartment for sale on Church Street stands proudly on a corner plot, just steps away from the Eccles tram station. Also, this prime location ensures excellent connectivity to Manchester City Centre and access to nearby local amenities.
This impressive building has recently undergone a full refurbishment, enhancing both its exterior appeal and internal condition. Apartment for sale includes a ground floor commercial unit currently let on a 6-year lease starting from June 2017. So, this tenancy generates a consistent rental income of £32,000 per annum.
About Properties
Above the commercial unit, the first and second floors offer well-maintained residential accommodation. Apartment for sale features 13 self-contained studio rooms. These rooms are currently let under a corporate lease agreement valid for 5 years, starting from January 2021. This contract brings in an additional income of £76,000 per annum until January 2026.
The total combined annual rental income is £108,000, making this an excellent investment for buyers seeking immediate returns. Apartment for sale on Church Street not only offers strong income but also long-term growth potential due to its strategic location and modernized interiors.
Occupying a prominent corner position in Eccles, this freehold building commands attention. Apartment for sale benefits from high footfall, making it attractive for commercial tenants and ideal for residential occupancy.
This is a perfect opportunity for investors looking to diversify their portfolio with a stable and fully let property. Apartment for sale delivers immediate income and long-term value, backed by secure leases and a desirable setting.
Don’t miss out on owning a fully let, income-generating property in one of Manchester’s fast-developing areas. Apartment for sale on Church Street is a secure, high-performing asset ready for purchase. Check the details on UK Properties.
