*Investment opportunity for a cash buyer! Currently generating ?819 per month (including the bills) giving a 9.82% gross yield - projected to increase to ?900 per month from Sept 24.*Jordan Fishwick are pleased to offer for sale this well presented STUDIO apartment on Chester Road, just a stones throw away from Central Manchester. The apartment is compact, yet comfortable with stunning views over the nearby greenery. The apartment has a fitted kitchen, fitted wardrobes, and a well presented shower room. On site facilities include concierge, lounge and resident only gym. EWS1 IN PLACE.Studio5.02 x 4.31 (16'5 x 14'1 )Range of wall and base units with worktops over. Sink with mixer tap. Fridge with freezer box. Cooker with hob and extractor over. Fitted wardrobe.Shower RoomFully tiled shower suite. Shaver point. Low level W/C. Sink with mixer.ExternallyLaundrette. Concierge. Lounge. Gym. Bike storage. Lifts to all floors.Investment DetailsRental Income - ?819 per month (including bills)Ground rent - ?250 per annumLease - 250 years from February 2019Service charges - ?2000 per annumManaging agents - Manchester ApartmentsNet yield - 7.57%
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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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