Boden Street, Macclesfield, Cheshire
9 9 9
£1,150,000 Guide Price Block of flats for sale
Description
Attractive Supported Living Investment Opportunity
Address: Boden Street, Macclesfield, SK11 6LL
Property Type: 9 1-bed Apartments
Lease: 10-Year FRI Lease (Full Repairing and Insuring)
Tenant Type: Supported Living
Investment Overview
Macclesfield, a thriving market town in Cheshire, presents a unique and attractive investment opportunity for property investors seeking stable and consistent returns. The property at Boden Street comprises 9 modern 1-bed apartments on a secure 10-year FRI lease, offering peace of mind for landlords as the tenant assumes responsibility for all property-related expenses, including maintenance and utilities. This property provides reliable income with minimal landlord involvement, making it a low-risk, high-yield investment.
Prime Location and Economic Strength
Macclesfield, a historic market town in Cheshire, boasts a robust and diverse economy, making it a highly attractive location for both tenants and investors. Known for its strong employment opportunities, the town is home to major employers such as AstraZeneca, which operates a significant research and development centre, alongside a growing digital and technology sector. Its proximity to Manchester further enhances its appeal, offering an affordable and peaceful alternative for professionals seeking a quieter lifestyle while maintaining easy access to the city’s employment opportunities. Ongoing regeneration projects, including improvements to the town centre and the introduction of new residential and commercial spaces, are helping to strengthen Macclesfield’s economic outlook and ensure sustained demand for rental properties.
Excellent Transport Connectivity
The property at Boden Street benefits from Macclesfield’s outstanding transport links, which make it a highly convenient location for tenants. Macclesfield railway station provides fast and direct services to major destinations, including Manchester in just 20 minutes and London Euston in under 1 hour and 40 minutes, making it ideal for daily commuters. In addition, the town enjoys excellent road connectivity, with the A534, A523, and the M6 motorway providing access to the wider Cheshire region and beyond. Local bus routes ensure reliable travel within the town and nearby areas, offering further convenience for residents. This combination of rail, road, and local transport options makes Macclesfield an ideal location for professionals and families alike.
Financial Summary:
Monthly Income: £7,890
Gross Annual Income: £94,680
Gross Yield: 8.23% (calculated as Gross Annual Income / Sale Price)
Lease Details:
Term: 10-Year Full Repairing and Insuring (FRI) Lease starting 2020
Rent Review: Annually
Tenant Responsibility: All property-related expenses, including maintenance, repairs, and utilities
Conclusion
The property at Boden Street, Macclesfield represents an exceptional investment opportunity in a growing, well-connected town. With secure income from a supported living provider on a 10-year FRI lease and minimal landlord involvement, this property offers a strong yield and long-term stability, making it ideal for investors seeking a low-maintenance, high-return addition to their portfolio.
Gross Yield: 8.23%
Area Description
Macclesfield, a charming market town in Cheshire, offers a strong investment proposition for property buyers, especially with its proximity to Manchester and the stunning Cheshire countryside. The town has a well-established economy, historically known for its silk production, and today it boasts a diverse mix of industries including manufacturing, technology, and professional services. Major employers in the area include AstraZeneca, who have a large research and development centre nearby, and the town also benefits from a growing digital and tech sector. This economic stability, combined with Macclesfield’s local amenities, makes it an attractive option for investors looking for properties that offer good potential for long-term growth.
Tenant demand in Macclesfield remains solid, particularly due to its appeal to professionals and families. The town is popular with those who work in Manchester but prefer a quieter, more affordable place to live. Macclesfield offers a mix of residential properties, and the property at Boden Street, SK11 6LL, is well-positioned to benefit from the town’s popularity with commuters. The local housing market is also supported by the town's highly regarded schools, good transport links, and the accessibility of local parks, making it a desirable location for a range of tenants, from young professionals to families and retirees.
Macclesfield benefits from excellent transport connections, further enhancing its appeal for tenants and investors. The town is served by Macclesfield railway station, which provides direct services to Manchester, Stockport, and London, making it a convenient location for commuters. The A534 and A523 roads offer good road links to nearby towns and the M6 motorway, connecting residents to wider regional and national networks. The ongoing regeneration of the town centre, which includes new public spaces, shopping and leisure facilities, will continue to enhance the area, ensuring that Macclesfield remains a highly attractive destination for future growth. The town also offers a range of amenities, including the beautiful South Park, local shops, and cultural attractions such as the Macclesfield Silk Museum, which contribute to its appeal as both a residential and tourist destination.
Additional Details
- Bedrooms: 9 Bedrooms
- Bathrooms: 9 Bathrooms
- Receptions: 9 Receptions
- Kitchens: 9 Kitchens
- Tenure: Leasehold
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Broadband Speeds
- Download: 17mbps - 1800mbps
- Upload: 1mbps - 220mbps
Estimated broadband speeds provided by Ofcom for this property's postcode.
Features
- Secure Investment: 9 modern 1-bed apartments on a 10-year FRI lease, ensuring tenant covers all property-related expenses.
- Strong Annual Income: Generates a gross annual income of £94,680, offering consistent and reliable returns.
- Attractive Yield: Achieves a gross yield of 8.23%, combining low landlord involvement with high profitability.
- Prime Location: Situated in Macclesfield, a thriving market town with a diverse economy and strong demand for rental properties.
- Economic Strength: Major employers like AstraZeneca and a growing digital/tech sector support employment and tenant demand.
- Excellent Transport Links: Fast rail connections to Manchester (20 minutes) and London Euston (1 hour 40 minutes), plus easy road access via A534, A523, and M6.
- Regeneration Potential: Ongoing town centre improvements and new commercial/residential developments enhance long-term growth prospects.
- Low-Risk Opportunity: Supported living provider guarantees stable rental income with minimal landlord involvement, making it ideal for hands-off investors.
Enquiry
To make an enquiry for this property, please call us on 0330 4415 888, or complete the form below.
