Land For Sale £3,250,000
The Shackles, 2A Police Street, Eccles, M30

FREEHOLD INVESTMENT OPPORTUNITY
The property comprises 25 self contained flats over the
ground and first floor. The total sq footage is 18,940 sq ft.
The residential accommodations comprises:
• 7 x 1 beds
• 18 x 2 beds
There is outdoor shared space along with car parking
and a refuse area.
Originally a police station dating back to 1892, planning
permission was granted to extend the building to create
the current development. The building has been well
maintained but with further scope for refurbishment
works. The 25 self-contained flats all benefit from double
glazing, secure entry systems and independent hot hater
and heating supplies. All flats have EPC’s and EICR’s in
place.

Rental Performance:
The current passing rent is £207,000 per annum with all
flats occupied. The current rents do not all represent
market rent, and we consider the income position to be
reversionary and the aggregate estimated rental value
to be £237,000. There is also an opportunity to carry out
short lets in the building and to the best of our knowledge,
there are no restrictions on short lets in the area.
Method of Sale and Tenure

The property will be sold freehold by way of informal tender
(unless sold prior).
EPC
EPC’s are available and the ratings are:
3 x B
14 x C
6 x D
2 x E
Selective Licensing applies in this area. The scheme commenced
on 1st September 2022 and will last for 5 years.
Viewings
Viewings are strictly by appointment only.
Please contact Lomond Investment Management or Thornley
Groves to arrange an appointment.