Earn instant income on this already tenanted investment opportunity - not suitable for owner occupiers! This excellent two bedroom two bathroom fifteenth floor apartment, is in the heart of Manchester city centre.
This beautiful two bedroom apartment comprises of; entrance hallway leading to a spacious lounge with doors leading to a ample size balcony and great views over Manchester; a fully fitted kitchen with all appliances included; a large double bedroom with en-suite shower room; three piece family bathroom with shower over bath; second double bedroom with double glazed window to the rear. This apartment is on the fifteenth floor and comes fully furnished, and with an allocated parking space.
Situated in Manchester's Green Quarter, just a few minutes walk away from the Arndale shopping centre, Cypress Place benefits from a truly unbeatable location. The entirety of Manchester's city centre and beyond is within easy reach from this property with Victoria train station/Metrolink station being less than 5 minutes away. Manchester is renowned for its range of entertainment, rich history and culture with an abundance of cinemas, live entertainment venues, and museums - it's easy to see why Manchester is one of the fastest growing cities in Europe.
Manchester's high rental yields, growing demand and capital growth are just a few reasons why it has been named one of the uk's best buy-to-let hotspots. Between July 2017 and July 2018, Manchester’s property prices rose by 5.6% and are expected to rise a further 18.1% by 2022. Manchester's growing population ensures that there will always be high demand for rental properties. Now is the perfect time to invest in this vibrant and exciting city.
Financial Breakdown
Gross rent: £11,400
Ground rent: £250
Service charge: £1,727
Lettings fees: £1,094
Net income: £8,329
Gross yield: 5.3%
Net yield: 3.87%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-15614
