2 TALBOT RD, GREATER, OLD TRAFFORD, STRETFORD, MANCHESTER M16 0PF

Description

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Keiraheart Estates are pleased to bring this massive property development in the Heart of Old Trafford on the market For Sale. Please see current planning application in with Trafford Council which is at the latter stages and close to be approved. Outline application for erection of a 21 storey apartment building comprising of 2no one bed apartments, 34no two bed apartments, 18no three bed duplex apartments and 2no four bed duplex apartments with associated bicycle parking in the basement and 2no Commercial (Class E) units to the ground floor level. Consent is sought for appearance, layout, scale and access with all other matters reserved. Return On Investment 21 Storey Apartment Building Bottom end prices properties will be sold for in the current market 1 bed – 100k each 2 bed – 175k each 3 beds – 250k each 4 beds – £350k each 1 bed – 200k for both apartments 2 bed – 6 million for 34 apartments 3 beds – 4.5million for 18 apartments 4 beds – 700k for both apartments 2 commercial – 700k for both shops Total – 12 million BOTTOM END Total – 15 million HIGH END The location of this site must be seen around to be believed; the map gives you a sufficient idea of the local area where it is located. The site is across the road from Trafford Bar tram stop and just a stone’s throw away from Manchester United Football Club. The apartments can be sold as an off plan project, so the money for the build will be there before you have even started building from investors who have already bought the apartments and with this plan in place the bank will always be there as well so the funding for the building project should not be a problem. Plans are detailed and you can work out from here the calculations of build. An estimate for the build is roughly 4.6 million Selling Information; For Sale: 1.8 Million (with planning approved for build) Calculated; BOTTOM END 1.8mil + 4.6mil = 6.4mil costs involved 12mil return upon sales of all units 12mil – 6.4mil = 5.6 million net return TOP END 1.8mil + 5.2mil = 7mil costs involved 15mil return upon sales of units 15mil – 7mil = 8 million net return