The buildings, known as Mayfair Court and Chancellors Court, comprise 150 self-contained apartments, with four ground floor commercial units and onsite car parking, in configurations of one to five bedroom flats and are let to a mix of young professionals, students and post graduates. Total income for 2015 was c.1.5m.
Mike Mitchell Senior Director and head of Student Investment at Cushman & Wakefield comments:
"These are important and strategic buildings situated close to the soon to be extended University of Manchester Owen’s Park campus and within an area that is undergoing significant regeneration in response to Manchester’s growing student population and demand from private renters."
GVA represented the purchasers.