Guide price
£1,750,000
33 bed property for saleMonton Road, Monton M30
33 beds
15 baths
9 receptions
EPC Rating: C
- Chain free
- Freehold
Thornley Groves - Monton
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About this property
Investment Opportunity
33 Bedroom HMO
Freehold
Located In The Heart Of Monton Village
Rental Income Approximetley £198,000 Per Annum
Detached Bungalow At The Rear Of The Building
Excellent Transportation Links
Off Road Parking
No Chain
Introducing an exceptional investment opportunity, this 33 bedroom HMO, formerly recognized as The Highbury Hotel, stands prominently in the heart of Monton Village, offering unparalleled potential for astute investors.
Positioned in a highly coveted location, this property enjoys immediate access to a plethora of local amenities including boutique shops, vibrant bars, charming artisan cafes, esteemed educational institutions, parks, and seamless transportation connections. Notably, the property benefits from easy accessibility to the M60 motorway and Eccles town center, facilitating effortless commutes to Manchester City Centre and beyond via the well established Metrolink and Train services.
Emanating historical charm, the expansive period building has been meticulously converted into self-contained flats, ranging from 2 to 6 bedrooms, ensuring a versatile accommodation layout to suit varied tenant requirements. Complementing the main structure, a detached bungalow nestled at the rear of the property provides comfortable living quarters for an on-site caretaker, enhancing the overall appeal and functionality of the investment.
Currently yielding a robust rental income of approximately £198,000 per annum, inclusive of bills when fully occupied, the property boasts an impressive rental yield of 9.9%.
In summary, this 33 bedroom HMO presents an unparalleled opportunity to acquire a distinguished property asset in a highly sought-after location, with substantial income potential and promising prospects for capital appreciation. Discerning investors are invited to seize this rare opportunity and unlock the full potential of this remarkable investment endeavor.
Council Tax Bands:
Flat 1 Council Tax Band = D
Flat 2 Council Tax Band = C
Flat 3 Council Tax Band = C
Flat 4 Council Tax Band = C
Flat 5 Council Tax Band = C
Flat 6 Council Tax Band = C
EPC Ratings:
Flat 1 EPC Rating = C
Flat 2 EPC Rating = B
Flat 3 EPC Rating = C
Flat 4 EPC Rating = B
Flat 5 EPC Rating = C
Flat 6 EPC Rating = C
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