Park House is an 'L' shaped building arranged over two storeys and is of traditional masonry construction beneath a flat roof. The property comprises 12 self-contained one-bedroom apartments, arranged as six apartments on each floor. Each apartment has been refurbished to a good modern standard of accommodation with new white bathroom suites and new fully fitted kitchens. The property includes a large car park with 16 spaces.
- Ref: 2084192
- Tenure: Freehold
- Types: Residential Investment
- Size: 7,700 sq ft
- Freehold: £1,800,000 from
- EPC: C
Key Features
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12 recently refurbished one-bedroom apartments
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Self-contained block extending over two storeys
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Large car park including 16 spaces
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Single let on FRI terms to Inicio Group Ltd
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Current passing rent of £135,392.90 per annum
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CPI linked rent review with a 1% collar/3% cap.
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Quoting price of £1,800,000 reflects a gross yield of 7.52%
Location
Park House, 5 Acres Lane, Stalybridge, Greater Manchester, SK15
Park House occupies a well-connected position on Acres Lane in Stalybridge, within Tameside. The area offers strong local amenities and several nearby schools, with Stalybridge rail station only 0.6 miles away, providing convenient access across the region and supporting strong occupier appeal.