Mixed Use Development Site Manchester M4 £1,000,000
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Auction date: Thu, 26/01/2023 - 09:00
Permission granted for a six-storey building with two commercial units and 14 apartments with basement parking. The area has seen numerous apartment completions close by on Mason Street with prices north of £200,000 and up to £300,000 (September 2021). Two bedroom apartments are currently renting between £1,000 to £1,300 currently yielding £12,000 to £15,600 per year. The commercial units, dependent on use, we would expect to command a rent of around £25,000-£30,000 per annum combined (minimum).
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