Main image of 3 bedroom  Flat for sale, Cross Street, Macclesfield, Cheshire, SK11
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£220,000

3 bedroom Flat for sale,
Cross Street, Macclesfield, Cheshire, SK11

James Segal Branch Manager
James Segal
Senior Branch Manager
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Features and Description

  • *POTENTIAL GROSS YIELD IN EXCESS OF 10%*
  • Ready made investment with 2 out of 3 units having Tenant in situ.
  • We are advised all three units hold an EPC grade 'C' and council tax band 'A'
  • We are advised the tenants of the ground floor units have been in situ for a number of years
  • Well located approximately a 0.7 mile walk from the station
  • Opportunity for modernisation to potentially improve rental value.
  • We are also able to assist with the management of the properties once purchased - ask for further detail.
  • 16 and 18 Cross Street, SK11 7PG and 10a Old Mill Lane, SK11 7PA

*ATTENTION INVESTORS - POTENTIAL GROSS YIELD IN EXCESS OF 10%*

Presented to market as a portfolio investment, these three apartments - 16 and 18 Cross Street SK11 7PG, and 10a Old Mill Lane SK11 7PA - are all one bedroom and three are let with tenants in situ, with a potential income £1840 pcm in total (the ground floor units currently £595pcm and the first floor unit previously £650pcm).

We are advised that the EPC rating for all three units is a grade 'C', and we are also advised all three are council tax band 'A' making them appealing options for any future tenants.

Located in walking distance to the town centre, they have historically provided a steady return for our client, who is now looking to retire while leaving his tenants in good hands, having enjoyed a fruitful relationship for several years.

Macclesfield itself currently benefits from a buoyant rental market, supported by major employers such as Astra Zeneca and the recent arrival of The Christie at Macclesfield Hospital as part of a significant investment into the hospital on the whole. The town also benefits from excellent commuter links, being on mainline to Manchester (regular trains taking 22mins) and London (regular trains that can take as little as 1hr42mins).

Cross Street, Macclesfield, Cheshire, SK11

Additional Information

  • Property ref
    MAC250255
  • Tenure
    Leasehold
  • Lease length
    790 years
  • Council Tax
    A
  • Local authority
    Cheshire East County Council
  • Ground Rent
    Contact the branch
  • Ground Rent Review
    Contact the branch
  • Service Charge
    Contact the branch
James Segal Branch Manager
James Segal
Senior Branch Manager

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Reeds Rains Estate Agents Macclesfield

Macclesfield Branch Manager
Reeds Rains Macclesfield
37-39 Church Street, Macclesfield, SK11 6LB
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed

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Borrowing £198,000 and repaying over 25 years with a 2.5% interest rate.

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This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.

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Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A