Prime Property Auctions is excited to present this exceptional opportunity, 2 bedroom tenanted investment property located within a sought after location in Manchester - *GUIDE PRICE £190,000*

*Apartment 304, 3, Burton Place, Manchester, Greater Manchester M15 4LR sold for £236,250, 3, Apartment 104, Burton Place, Manchester, Greater Manchester M15 4LR sold for £251,100.*

Tenants on Periodic Tenancy, currently achieving a rental of £1000 PCM / £12,000 PA which would generate an annual gross yield of 6.31% based on the guide of £190,000.

Property could achieve market rent of between £1750 - £2000 PCM / £21,000 - £24,000 PA which could give the property an impressive gross yield of 11- 12.6% based on the guide of £190,000.

Property is situated within a prime location in Manchester, close to local amenities such as many popular bars, restaurants & canal towpath

Prime Property Auctions is excited to present this exceptional opportunity, 2 bedroom tenanted investment property located within a sought after location in Manchester - *GUIDE PRICE £190,000*

Property comprises:

Entrance hallway, Livingroom/Dining Room, 2 Bedrooms, WC & Balcony

HALLWAY (17.45ft x 3.12ft)

LIVING/DINING ROOM (11.13ft x 13.21ft)

MASTER BEDROOM (13.54ft x 8.70ft)

KITCHEN (9.87ft x 5.40ft)

BATHROOM (5.84ft x 6.49ft)

BALCONY (11.13ft x 3.70ft)

Tenants on Periodic Tenancy, currently achieving a rental of £1000 PCM / £12,000 PA which would generate an annual gross yield of 6.31% based on the guide of £190,000.

Sales Evidence:

*Apartment 304, 3, Burton Place, Manchester, Greater Manchester M15 4LR sold for £236,250, 3, Apartment 104, Burton Place, Manchester, Greater Manchester M15 4LR sold for £251,100.*

Property could achieve market rent of between £1750 - £2000 PCM / £21,000 - £24,000 PA which could give the property an impressive gross yield of 11- 12.6% based on the guide of £190,000.

The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

Potentially high yielding investment property.

This lot is open to immediate offers. Swing that there is strong demand.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Castlefield, located in the heart of Manchester, presents an exciting investment opportunity in one of the city's most vibrant neighbourhoods. As a historic district with a unique blend of industrial heritage and modern urban living, Castlefield offers a diverse range of investment prospects. Its strategic location, excellent transport links, and proximity to Manchester city centre make it an attractive destination for businesses, residents, and visitors alike. Investors can capitalise on Castlefield's expanding property market, urban regeneration projects, and cultural initiatives to drive economic growth. Additionally, the neighbourhood's historic canals, green spaces, and iconic landmarks create opportunities for leisure, hospitality, and tourism ventures. Investing in Castlefield promises both financial returns and the chance to contribute to the ongoing revitalization and prosperity of this dynamic neighbourhood in Manchester.

Floorplans

2 bedroom flat for sale