Salford resi primed for £7.5m sale
Comprising 54 apartments across two buildings, Poplar and Juniper House off Phoebe Street have been made available through LSH.
Situated just off the A5063 Trafford Road, the asset is close to MediaCity and other Salford Quays developments, sitrting next to the Ordsall health centre.
The vendor is an institutional investor, with the freehold being held by Vasillis Ltd. Up for sale here is a leasehold, with around 981 years unexpired on the lease, which dates from 2007.
The apartments up for offer all have accommodation over two floors, and can be found on the upper floors of the Phoebe Street blocks, which have retail at ground floor level.
LSH said that the total income for the flats comes to £515,341 per year.
The blocks have retail at ground floor level. Credit; LSH
Over half a mil a year income from flats with an outlook over a roof and multi-storey car park like that. Lots of interesting decisions being made in 2007 obviously
By Anonymous