Manchester, M17 1BY | Investment Property for Sale | VES-M17-002

Off-plan investment, a 2-bed apartment in the heart of Manchester

£244,900

Off-Plan Apartment

VES-M17-002

INITIAL INVESTMENT

£111,074

GROSS RENT / YIELD

£11,400 / 4.7%

NET RENT / YIELD

£7,749 / 3.2%

Guaranteed rent

A fixed rental income, paid each and every month without all of the normal stresses involved in letting a property.

You still get rent even if the property isn’t tenanted. See property description for more details.

The property

TENANCY

Vacant

TENURE

Leasehold

GROUND RENT

£150

SERVICE CHARGE

£826

2 bedrooms

2 bathrooms

1 reception room

691

Unfurnished

A fantastic off-plan investment opportunity in the heart of Manchester. This phase of the development is due to complete in Q4 2019.

  • Length of lease: TBC
  • Projected rent £750 pcm; £9,000 pa

Special Promotion

GRR 6% for 2 years or 3% discount + Free Legal Fees of up to £1500 + VAT

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£11,400

Equivalent of £950 per calendar month (PCM).

GROSS RENTAL YIELD

4.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£7,749

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,651

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Old Trafford, Manchester

Old Trafford is a part of the metropolitan borough of Trafford, Greater Manchester, located just 2 miles away from the centre of Manchester town. Old Trafford is an iconic sporting location, which is home to Old Trafford football stadium and Old Trafford cricket ground.

This area is perfectly situated for travel options to the centre of town and all around the Greater Manchester area. There is a bus stop directly outside the property and Old Trafford tram station is moments away within a short 5-minute walk around the corner. Getting around the city via public transport could not be easier, with the assistance of Manchester’s famous Metrolink tram, that has over 90 stops throughout the Greater Manchester area. From the tram stop there are links to Manchester Victoria which has railway services to several destinations all over Northern England.

This area, being placed so close to the city centre means it is perfect for all the shopping and entertainment needs that one may have. Just a quick hop over the River Irwell and you will find yourself in the heart of Manchester’s Central Retail District. This area is filled with several restaurants and bars, as well as its extensive options of stores. In addition, there are also many cultural attractions around this area, including Manchester’s Opera house, Albert Square and multiple museums.

There are many job opportunities within the Greater Manchester area which has very high levels of commuters that travel in to town for work every single day. The greater Manchester area is home to many big corporation’s headquarters, as it is seen as the growing hub for business in the north west region and is known as the main regional centre for public services. Companies such as Google, BBC, The Co-Operative Group, Kellogg’s and Thomas Cook run large parts of their operations all from the heart of this buzzing city.

Trafford Wharf Road,

Trafford Park,

Manchester,

Greater Manchester,

England,

M17 1BY

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