This purpose-built apartment, completed in 2005, is offered vacant with strong rental potential, making it an ideal choice for investors. With achievable rental income of around 1,200 PCM and a gross yield of 16%, it presents a high-performing asset on the edge of Manchester city centre. The property is well located for both the city core and the wider North West region, ensuring ongoing demand from professional tenants. Internally, the accommodation comprises an entrance hall with storage cupboard, open-plan living room and fitted kitchen with integrated appliances, plus access to a private balcony. Two double bedrooms are provided, including a main bedroom with en suite, alongside a further bathroom. Further benefits include secure allocated parking, long leasehold tenure until 2nd January 2130, with a service charge of 2,358 per annum and a ground rent of 100 per annum.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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