Wycombe House, Wilbraham Road, Chorlton, M21

**RARE RESIDENTIAL INVESTMENT OPPORTUNITY** Wycombe House comprises a well configured period semi-detached property of traditional brick construction under a pitched roof and converted into 8 individual apartments arranged over basement, ground and two upper floors. The property was compressively refurbished in 2018 to an excellent standard providing two apartments to each floor.

The apartments are all self-contained and benefit from electric panel heaters, double glazing, refurbished kitchens and bathrooms (Villeroy & Boch Bathrooms and with Hansgrohe fittings). Indicative plans are provided.

Externally, parking is provided to the rear of the property along with a secured refuge / storage area. In addition, there is a potential development plot of land direct to the rear suitable for additional residential development subject to planning approval.

Further information please contact Jodie or Eddie on 0161 882 2233.

Externally

Tenure

Freehold

Location & Situation

Manchester is widely regarded as the UK's second city and is understood to be the largest financial and student hub outside of London. It is known as the powerhouse of the North' with its economy focused upon banking, finance and more recently media. However, the economy is extremely diverse with an estimated 80 of the FTSE 100 companies represented with the city.Greater Manchester has a population totalling 2.6 million people increasing to over 6 million people within an hour's drive of the city. It has over 100,000 students within the city making Manchester a key global city for business and education. Chorlton is a vibrant suburb and has established itself as one South Manchester's most desirable residential and leisure locations. It is located some 4.5 miles south of Manchester centre and is popular with both young professionals and families due to its quality residential offering, transport links, schools, and leisure / retail provision. Chorlton benefits from 3 tram stations and a dedicated cycle lane into Manchester making it an ideal computer suburb. Both the M60 and M56 Motorways are within a mile allowing easy access to Manchester Airport and the national motorway network.The property is prominently situated along Wilbraham Road adjacent to Chorlton Village near all amenities.

Investment Summary

Entire block of 8 Apartments in the heart of Chorlton VillageRecently refurbished apartmentso3 - 2 Bed Apartmentso5 - 1 Bed ApartmentsPotential for additional development (STP)Current income of ?77,500 pa with an ERV in the order of ?80,700 paExcellent opportunity to hold for long term income or to sell units individually

Rental Figures

1 (Basement) 2 Bed AST 25/02/2023 ?950pcm ?11,400pa2 (Basement) 1 Bed AST 10/02/2023 ?875pcm ?10,500pa3 (GF) 2 Bed AST 07/10/2017 ?925pcm ?11,100pa4 (GF) 1 Bed AST 08/05/2023 ?895pcm ?10,740pa5 (1st )2 Bed AST12/11-22 ?950pcm ?11,400pa6 (1st) 1 Bed Regulated ?405pcm ?4,860pa7 (2nd) 1 Bed AST 25/07/2022 ?795 ?9,540pa8 (2nd) 1 Bed AST 17/03/2018 ?725pcm ?8,700pa

Financial Services

We believe that by introducing our clients to specialist advisors who provide simple, sensible, mortgage & protection advice we can help our clients make fully informed decisions giving them the confidence that they are getting the right deal from the start. Our partners are committed to offering a tailor-made personal and professional service and aim to exceed expectations on every level, specialising in finding the best mortgage & protection products to suit your particular needs.If you wish to take the opportunity to speak with our partner advisors at Bespoke Mortgage; Bridget and Mark can be reached on 0161 529 9110 or [email protected]