Lot
074
Auction Ends: 21/07/2021 15:22

14 Alpha Street West, Salford, Greater Manchester M6 5NR

Property Details
Location
Auction Details
Description
An investment / development opportunity comprising a two bedroom mid terrace property benefitting from planning permission to be converted into a 5 bedroom HMO. The property is currently let at a monthly rent of £375, equivalent to £4,500 per annum and we understand the same tenants have been in occupation since 2004 and no rental increase has been pursued for the last 7 years. The property represents an ideal opportunity for a developer looking to capitalise on refurbished HMO values whilst retaining a steady income in the short term.
Location
Alpha Street West is accessed off Seedley Park Road in a popular residential location within close proximity of a number of amenities and facilities including a variety of shops and schools. Salford shopping centre is a 10 minute walk away whilst junction 3 of the M602 is within 1 mile. Manchester is situated 2.5 miles to the east and easily accessed via regular public transport.
Accommodation
Pugh & Co have not inspected the property internally at this time. 
Tenure
Unknown
Planning
Planning permission was granted by Salford Council on 17th March for change of use from a single residential dwelling to a 5 resident HMO. Planning ref 21/76801/COU.
Tenancy
The property is let at £375pcm to private tenants who have been in occupation since 2005. We understand no rental increase has been pursued since 2014.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 20TH JULY AND CLOSES ON WEDNESDAY 21ST JULY.

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