10 bed Block of Flats For Auction
Bury New Road, Salford, Greater Manchester, M7

TO BE SOLD BY ONLINE AUCTION ON 14th SEPTEMBER 2022. 483 Bury New Road with development site to rear.

Detached block of 7 flats with a site at the rear with permission granted for 5 new build flats

Planning has been granted (reference 19/73665/FUL) for the erection of 5 storey block consisting of 5 no. self-contained apartments within existing rear garden with associated car parking and landscaping work.

We have had a limited inspection of the current flats which are in average order, the block comes with an annual income circa £35,000 per annum with scope for increase. Leases will be contained in the legal pack. There is scope to extend the rear of the property to increase the flat sizes subject to permission.

The site is located to the rear of the existing dwellings. The plans show two bedroom accommodation for each flat with internal space of 75 SQ M. Each flat has a balcony with views over garden area to the rear. There is parking provision allocated for most flats. Access will be drawn up in the legal paperwork.

Rental values in the area within 1/4 mile for newer built two bedroom apartments are around £900-£1,000 PCM.

All interested parties are advised to make their own enquiries directly to Salford Council. All plans and drawings are for illustration purposes only.

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