6 bed Block of Flats For Auction

TO BE SOLD BY ONLINE AUCTION ON 9TH-10TH SEPTEMBER 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS

Culvert House, Henderson Street, Macclesfield, SK11 6RA

An exceptional opportunity to acquire a fully completed and immediately income-producing Specialist Supported Housing investment comprising six self-contained one-bedroom apartments.

The development has been comprehensively converted and finished to an impressive modern standard, offering attractive, purpose-designed accommodation with no immediate refurbishment expenditure anticipated.

Each apartment provides a fitted kitchen, open-plan living and dining area, one bedroom and a modern bathroom. The development also benefits from secure communal access, CCTV provision and external areas.

The accommodation comprises four respite units and two general Specialist Supported Housing units, providing an important social-infrastructure asset designed to meet the needs of residents requiring additional support.

The property is let to Hilldale Housing Association Limited, a Registered Provider of Social Housing, producing an initial annual rent of £95,160 - equivalent to £7,930 per month or £15,860 per apartment per annum.

The vendor advises that Hilldale occupies the property under a 20-year lease completed on 6th July 2026, incorporating index-linked annual rent reviews and tenant repairing obligations. This provides purchasers with an attractive, long-term income profile and protection against inflation, subject to the terms of the lease.

The lease structure also removes the need for the purchaser to manage individual occupants directly, creating the potential for a comparatively hands-off investment.