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Brian Redhead Court 123 Jackson Crescent 64 Unit Apartment Building £8,000,000 (£125,000/Unit) Manchester M15 5RR
Investment Highlights
- Car Park
- Close proximity to A57/(M)
- Great location
Executive Summary
Offers are sought in excess of £8 million (STC) reflecting a gross yield of 8.8% on passing and a low capital value of £249 psf.
64 private apartments across two buildings totalling 32,010 sq ft / 2,793 sqm (NSA)
· Occupied on ASTs currently producing £703,920 pa
· Stabilised operational investment with 93% occupancy
· Potential to enhance value and rental reversion through active asset management initiatives
· Held long leasehold for a term of 199 years from 26 October 2012
64 private apartments across two buildings totalling 32,010 sq ft / 2,793 sqm (NSA)
· Occupied on ASTs currently producing £703,920 pa
· Stabilised operational investment with 93% occupancy
· Potential to enhance value and rental reversion through active asset management initiatives
· Held long leasehold for a term of 199 years from 26 October 2012
Property Facts
| Price | £8,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | £125,000 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 1.32 ac |
| Tenure | Long Leasehold | Property Size | 32,010 sq ft |
| No. Units | 64 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built | 2023 |
| Property Subtype | Apartment |
| Price | £8,000,000 |
| Price Per Unit | £125,000 |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| No. Units | 64 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 1.32 ac |
| Property Size | 32,010 sq ft |
| No. Floors | 3 |
| Year Built | 2023 |
Amenities
Unit Amenities
- Microwave
- Oven
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Bicycle Storage
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent pcm | sq ft |
|---|---|---|---|
| 1+1 | 36 | - | - |
| 2+1 | 28 | - | - |
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Brian Redhead Court | 123 Jackson Crescent
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