1 bed Flat For Sale £150,000
Eastbank Tower,, 277 Great Ancoats Street, Manchester, Greater Manchester, M4

Investors only, tenanted at £850pcm. Excellent yielding buy to let investment, 6.8% gross yield

Description

Savills are delighted to present this excellent buy to let opportunity in the popular Eastbank Tower development.

This apartment could represent an ideal turn key investment for the discerning investor, with a 6.8% gross yield available at the current rental price of £850pcm.

The property briefly comprises of an entrance hallway which leads through to a spacious open plan living and kitchen area. Further, there is a modern primary bathroom and well-sized double bedroom. The development benefits from an on-site gym available for resident use only.

Eastbank has been a popular development since its build, positioned along Great Ancoats street the development boasts easy access to everything Ancoats, Nothern Quarter and New Islington have to offer.

Current rental pa: £10,200
Service charge pa: £1,800
Ground rent pa: £250 (increases by doubling every 10 year term for the first 30 years', before then moving to in line with RPI)
Lease years remaining: Circa 243

Location

Eastbank Tower sits in a fantastic location with ease of access to all Manchester has to offer.

New Islington tram stop is located close by for travel in and around the city (0.4m), whilst Piccadilly station offers excellent rail connectivity across the UK (0.5m).

Grocery shopping for essentials is provided easily thanks to the nearby Ancoats General Store (0.6m) and the Aldi superstore (0.4m).

General shopping, restaurants and bars are in abundance thanks to the Ancoats location, and close proximity to Northern Quarter. Mana (Michelin Star restaurant - 0.7m), Rudy's Neapolitan Pizza (0.6m), Canto (0.6m), The Crown & Kettle (0.7m) are situated close by to name a few!

For sport and entertainment. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 3.5m and 1.0m away respectively.

For cultural activities, locally residents are only 0.6m from Ancoats Pop Up Markets which often hosts an array of food music, crafts and activities.

Please note all distances quoted are approximate.

Square Footage: 406 sq ft
Leasehold with approximately 243 years remaining.