Fallowfield Portfolio, Fallowfield, Manchester, M14

Nicholas Humphreys are delighted to bring this fully let 33 bedroom student portfolio to the market, consisting of five properties on Evelyn Street 2 x 4bed and 3 x 5bed), and two properties on Wellington Road (2 x 5bed).??The vendors are open to a 'share sale' as the properties are all owned by one limited company.?

** VIEWING THURSDAY 4th APRIL 2024. PLEASE SEE BELOW FOR MORE DETAILS & INFORMATION ON HOW TO BOOK **

The portfolio is fully let for the 2024/2025 academic year, with a total annual income of ?258,234 inclusive of utilities (this total figure takes in to account that the tenants only pay 1/2 rent in July).??

Wellington Road:?

EPC: Both properties have a 'C' rating.?

Council Tax: Both properties are band 'D'.?However full time students are currently exempt from council tax.?

The properties on Wellington Road are set over three floors, have five double bedrooms two shower rooms (and a third W/C), an open plan living/kitchen space, and also?benefit from a terrace area overlooking the tennis club. The properties both have alarms, secure gated access, secure cycle storage, and CCTV monitored parking.???

Evelyn Street:?

EPC: All properties have a 'C' rating.?

Council tax:?10 is band 'A', 12, 13, 14 & 15 are band 'C'. However full time students are currently exempt from council tax.?

The properties on Evelyn Street are a mixture of 4 and 5 bed properties. Number 10 is a 4 bed property set over two floors with one bathroom and a courtyard, number 15 is a 4 bed property set over three floors with two bathrooms and a courtyard. Both of them have open plan living areas.?

Numbers 12, 13 and 14 are all 5 bed properties set over three floors with two bathrooms, an open plan living/kitchen area and a private rear courtyard.?

The properties are all owned by a limited company, and the vendors are open to a share sale.??

The vendors have owned the properties since before the 2011 Article 4 direction was introduced. The owners have all of the tenancy agreements from 2016, and have other means of proof of C4 use pre-dating 2011, such as bank statements of rental payments and deposit certificates.?

VIEWINGS

There will be a viewing held Thursday 4th April 2024. The vendor has requested that before any interested parties arrange a viewing they must provide us with the name/company name of the purchaser and also proof of deposit BEFORE a viewing will be booked. Please email [email protected] to arrange a viewing.

Viewings strictly by appointment only.?

REFERRAL ARRANGEMENT NOTE?
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Hargeaves Gilman, Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to ?240 including VAT from them, for recommending you to them.?
Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the broker named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to ?250 from them, for recommending you to them.?
Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of ?100 from them, for recommending you to them.?