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£3,000,000

house for sale

Vincent Avenue And Oswald Road, Chorlton

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  • Property type:Detached house
  • Bedrooms:-
  • Time on market:3 months

Full description

Situated in the heart of Chorlton, this prime site is ripe for redevelopment. It is Freehold and at present provides a substantial annual income. The site is to be sold as a whole but at present offers Seven purpose built flats (Nos 11 & 13 Vincent Avenue) Nos 7 & 9 are each split into two flats. The Victorian buildings require some refurbishment and we would envisage a buyer turning these back into a desirable pair of Semis. The access of Oswald Road leads to the lock up garages plus four containers. This part of the site provides for nine dwelling which presumably will be three storey. (Four pairs of semis and one detached). The scheme proposed shows a one way system from Oswald Road and exiting on Vincent Avenue with the road running between Nos 9 and 11. Chorlton lies a couple of miles from the city centre in a highly desirable commuter belt. The majority of the properties near the site are fine Victorian houses with a high end value.

Redevelopment/Investment Site Vincent Avenue/Oswald Road, Chorlton, Manchester M19 9LH. Comprising 7 Flats, Pair of Victorian Semis (Four Flats) and Forty lock up Garages.

Rental Schedule is as follows:Flat 1, 7 Vincent Avenue £795 p.c.m.Flat 2, 7 Vincent Avenue £750 p.c.m.Flat 1, 9 Vincent Avenue £750 p.c.m.Flat 2 9 Vincent Avenue £750 p.c.m.Total £36,540 per annumFlat 1, 11 Vincent Avenue £750 p.c.m.Flat 2, 11 Vincent Avenue £900 p.c.m.Flat 3, 11 Vincent Avenue £800 p.c.m.Flat 4, 13 Vincent Avenue £650 p.c.m.Flat 5, 13 Vincent Avenue £750 p.c.m.Flat 6, 13 Vincent Avenue £700 p.c.m.Flat 7, 13 Vincent Avenue £850 p.c.m.Total £64,900 per annumOswald Road GaragesUnits 1-40 Annual Income £50,280Gross Income for Site at present £151,620.00The residential units are all let on the bases of an A.S.T. (Assured Short Hold Tenancy) basis.The site, we understand is to be sold FREEHOLD and our client is prepared to make available all pre-application paperwork with the planning consultants. However before this is released, a buyer will have to prove proof of funds.

Special Note -The price is correct at the time of going to print, we advise customers to enquire the price of specific properties prior to viewing. We reserve the right to amend/improve the specification at any time. Any special offer relating is offered at the asking price stated and is subject to terms and conditions.NB - The services, appliances and heating systems have not been tested and therefore no warranty can be given or implied as to their working order. They should therefore be verified on survey by any prospective purchaser. All measurements are approximate.Tenure- To be confirmed with a solicitor at point of sale.Call Monitoring System: Please note that all our calls are recorded for monitoring and training purposes.

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Property details

£3,000,000

house for sale

Vincent Avenue And Oswald Road, Chorlton

Situated in the heart of Chorlton, this prime site is ripe for redevelopment. It is Freehold and at present provides a substantial annual income. The site is to be sold as a whole but at present offers Seven purpose built flats (Nos 11 & 13 Vincent Avenue) Nos 7 & 9 are each split into two flats. The Victorian buildings require some refurbishment and we would envisage a buyer turning these back into a desirable pair of Semis. The access of Oswald Road leads to the lock up garages plus four containers. This part of the site provides for nine dwelling which presumably will be three storey. (Four pairs of semis and one detached). The scheme proposed shows a one way system from Oswald Road and exiting on Vincent Avenue with the road running between Nos 9 and 11. Chorlton lies a couple of miles from the city centre in a highly desirable commuter belt. The majority of the properties near the site are fine Victorian houses with a high end value.

Redevelopment/Investment Site Vincent Avenue/Oswald Road, Chorlton, Manchester M19 9LH. Comprising 7 Flats, Pair of Victorian Semis (Four Flats) and Forty lock up Garages.

Rental Schedule is as follows:Flat 1, 7 Vincent Avenue £795 p.c.m.Flat 2, 7 Vincent Avenue £750 p.c.m.Flat 1, 9 Vincent Avenue £750 p.c.m.Flat 2 9 Vincent Avenue £750 p.c.m.Total £36,540 per annumFlat 1, 11 Vincent Avenue £750 p.c.m.Flat 2, 11 Vincent Avenue £900 p.c.m.Flat 3, 11 Vincent Avenue £800 p.c.m.Flat 4, 13 Vincent Avenue £650 p.c.m.Flat 5, 13 Vincent Avenue £750 p.c.m.Flat 6, 13 Vincent Avenue £700 p.c.m.Flat 7, 13 Vincent Avenue £850 p.c.m.Total £64,900 per annumOswald Road GaragesUnits 1-40 Annual Income £50,280Gross Income for Site at present £151,620.00The residential units are all let on the bases of an A.S.T. (Assured Short Hold Tenancy) basis.The site, we understand is to be sold FREEHOLD and our client is prepared to make available all pre-application paperwork with the planning consultants. However before this is released, a buyer will have to prove proof of funds.

Special Note -The price is correct at the time of going to print, we advise customers to enquire the price of specific properties prior to viewing. We reserve the right to amend/improve the specification at any time. Any special offer relating is offered at the asking price stated and is subject to terms and conditions.NB - The services, appliances and heating systems have not been tested and therefore no warranty can be given or implied as to their working order. They should therefore be verified on survey by any prospective purchaser. All measurements are approximate.Tenure- To be confirmed with a solicitor at point of sale.Call Monitoring System: Please note that all our calls are recorded for monitoring and training purposes.