Flats and Garages for Auction Greater Manchester M25 £360,000+

A multi asset investment opportunity comprising 3 x 1 bedroom flats within a purpose built apartment block, 14 associated garages, lapsed planning consent for residential development and ground rents encompassing each of the apartments. The flats and garages are all let, which along with the ground rents, produce an annual income of approximately £32,000. The previous planning permission was approved for demolition of existing garages and construction of 2 x semi detached houses and could have potential to be re-implemented, subject to consent.