Residential Investment Opportunity
Circle House, Lostock Road, Manchester, M41 0HS
A Vacant Freehold Converted Office Building Comprising 15 Self-Contained Flats
INVESTMENT CONSIDERATIONS
•
Freehold
•
Detached converted office comprising 15
self-contained flats
•
9 x one bedroom and 6 x two bedroom
•
Ample secure gated car parking for all flats
•
Well located for Manchester and the M60
Motorway
•
Currently vacant
•
Estimated Rental Value: £105,300 pa
•
Gross Yield: 7% (based on ERV)
TENURE
Freehold, as outlined in the plan below. This is provided for indicative
purposes only.
LOCATION
Circle House is located in Urmston a suburb of Manchester.
Manchester is located 56 km (35 miles) to the east of Liverpool, 72
km (45 miles) to the south west of Leeds and 138 km (86 miles) to
the north of Birmingham. With a population of approx. 2.55 million,
the Manchester Urban Region is the second most populous in the
United Kingdom. Manchester has very good road links, via the M60,
M62 and M6 Motorways.
There are four main stations in Manchester, Piccadilly, Victoria,
Oxford Road and Deansgate, placing the City at the centre of an
extensive countrywide rail network. Manchester International Airport,
to the south west of the City, also flies to around 225 destinations
worldwide.
Circle House is situated on Lostock Road just outside the M60
outer ring road in Urmston, approximately 8 km (5 miles) to the
west of Manchester City Centre. Junctions 9 and 10 of the M60 are
both within 1.6 km (1 mile ), which provide good road links to the
surrounding areas. There are multiple bus routes on Lostock Road
providing regular access to the City Centre.
There is a selection of local shops and amenities all within a short
5 minute walk of the property, whilst the more extensive facilities
of central Urmston are 1.28 km (0.8 mile) to the south. The Intu
Trafford Centre is located on the other side of the M60, within 1.6
km (1 mile). Urmston train station also offers regular direct services
to Manchester Oxford Road within 15 minutes.
DESCRIPTION
Circle House comprises a detached converted office building arranged over three floors,
beneath a flat roof. The property has been converted to a high standard providing 15 selfcontained flats (9 x one bedroom and 6 x two bedroom); five flats per floor.
All flats benefit from an open plan kitchen/ living room and bathroom (with shower over bath).
One bedroom flats vary in size between 460 sq ft to 600 sq ft, whilst the two bedroom flats vary
between 642 and 762 sq ft (three of each). Each flat has the benefit of gas central heating and
double glazed windows.
Under croft car parking is available below the building. There is also additional space for ground
floor parking on all sides of the building, within secure gated grounds. The property has the
benefit of a lift.
ESTIMATED RENTAL VALUE (ERV)
The property is currently vacant. We are of the opinion the property has an ERV in the region of
£105,300 per annum.
PLANNING
Planning Permission for change of use was applied for under The Town and Country Planning
(General Permitted Development) Order 2015 and was granted in January 2016. Permitted works
have been completed and Building Regulation sign off documents are available to view in the
data room.
ADDITIONAL INFORMATION
The following documents are available to view and download from the dedicated website:
www.circlehousemanchester.com.
• EPC’s
• Building Regulation Sign-Off
• Floor Plans
• Title Documents
METHOD OF SALE
The property is for sale by way of Private Treaty. However we reserve the right to conclude the
marketing by an informal tender process.
VIEWING INFORMATION
This property will be subject to block viewings and will not be available for viewing internally outside
these times.
Please contact the office to register your interest.
ASKING PRICE
Offers are invited in excess of £1,500,000, subject to contract
Please contact the office to register your interest:
Jack Robson
0113 243 7952
[email protected]
James Wilson
0113 236 6679
[email protected]
Vicky Bingham
0113 236 6682
[email protected]
33 Park Place, Leeds, LS1 2RY Tel: 0113 236 6677
www.allsop.co.uk
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars
as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the
property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective
purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural
(and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP.