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For Sale: Globe House, 30 Southall Street, Manchester, M3 1LP - Offers in Excess of £5,250,000

Updated: Apr 1, 2023

Key features

  • 28 Luxury Apartments, Spa with Infinity Pool, Sauna and Gym

  • Fully let investment

  • Guide of offers in excess of £5.250m (7.8% gross yield)

Property description

- High quality character conversion - Exciting and fast improving location of redevelopment - Fully let investment - On site gym - Spa with infinity pool, and sauna - 28 Luxury Apartments with potential for a further studio apartment (subject to planning approval which was previously granted) - 16 secure car parking spaces - Fully addressable fire alarm system - Fully let from day one - proven investment. No students, clients include doctors, lawyers and pilots and other working professionals - The property is owned by way of a limited company. The option to purchase the company may be considered Globe House comprises an attractive period property originally built around 1870 and converted to 28 high end characterful apartments there is a mix of mainly 1 and 2 beds but also includes studios and 3/4 bed apartments. The accommodation is situated over 5 floors together with secure basement car parking for 9 cars and a further secure outdoor gated car park for another 7 cars. There is a small on site gym for sole use of the residents. The site also benefits from planning permission which allows the spa to be opened to the general public. Accessibility - The building is fully accessible. Level access is provided by an 8 person passenger lift to all floors. Environment and Energy Saving - The building is fully double glazed and insulated to modern standards with electric heating including electric radiators with a high level of sound proofing between floors and apartments. Mechanical ventilation to bathrooms and kitchens. SPECIFICATION - Kitchen and Bathrooms Oak or stone worktops High quality integrated appliances to include fridge freezer, dishwasher and washer dryers. Under counter oven with grill and induction hobs. Painted finished kitchens with bespoke stainless steel handles. The kitchen and bathrooms have ceramic floor and wall tiles. Ceiling mounted rain shower to bathrooms. Store There is a secure, communal refuse store which will have segregated containers for collection. The development benefits from secure underground car parking accessed using a fob entry system. The property benefits from a small onsite gym intended for exclusive use by residents. Security The development will achieve Secure by Design Accreditation. HD resolution CCTV in all communal areas, gymnasium and in underground car park. TV, Sky, DAB and BT connections to all apartments. TENANCY SCHEDULE There is a current gross income of £410,310pa from 28 apartments. A copy of the tenancy schedule is available on request. There is the potential to increase the income with planning previously granted for a further 2 apartments and the option of a new commercial letting of the spa.

About W T Gunson, Manchester - BPG

W T Gunson is Manchester’s leading independent Chartered Surveyors and Property Consultants, covering Manchester and the North West since 1873, and offering expert advice on a full range of commercial and residential property.

Our expertise covers retail, office, industrial and development land, whether owner-occupied or investment property.

Suite 2, Third Floor 1 King Street Manchester M2 6AW

Buying: 0161 8339797 Letting: 0161 8339797

Disclaimer - Property reference Globe House, 30 Southall Street, Manchester, M3 1LP. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by W T Gunson, Manchester - BPG. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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