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

Off-plan investment, 12 x 2-bed apartments in the heart of Manchester

£2,800,000

Off-Plan Broken Block

VES-M17-002

INITIAL INVESTMENT

£1,243,500

GROSS RENT / YIELD

£108,000 / 3.9%

NET RENT / YIELD

£62,370 / 2.2%

ADD TO FAVOURITES

The block

TENURE

Leasehold

NO OF UNITS

12

TENANCY STATUS

Vacant

FURNISHED

No

TOTAL SQ FT

8,344

PRICE SQ FT

£336

GROUND RENT

£3,700

SERVICE CHARGE

£16,883

Leasehold information

  • Length of lease: TBC
  • Year lease started: TBC
  • New leases will be issued upon completion

Property information

  • Due to complete in Q4 2019
  • 12 x 2-bed apartments available
    • 4 x apartments on the 8th floor
    • 8 x apartments on the 12th floor
  • All bedrooms have 2 bathrooms and 1 reception room
  • Building has communal podium & roof terrace with views of the city centre and MediaCityUK
  • Retail spaces on the ground floor
  • 24/7 concierge
  • Apartments have floor to ceiling windows
  • Open plan kitchen / living rooms
  • Kitchens have integrated appliances
  • 2 x apartments have 1 car parking space each

Financial information

  • Expected rent per apartment: £750 pcm; £9,000 pa
  • Ground rent per apartment: £250 pa
  • Ground rent for car park: £350 pa
  • Service charge per apartment no car park: £1.89 psf pa
  • Service charge per apartment with car park: £2.65 psf pa
  • Furnishing package available: £4,550 + VAT
  • Lettings & management service availalbe: 10% + VAT of gross monthly rental

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

At the time of listing there are no EPCs available for this property. However, Vesta will add these as soon as they have been received.

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£108,000

Equivalent of £9,000 per calendar month (PCM).

GROSS RENTAL YIELD

3.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£62,370

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.2%

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

FULLY MANAGED OPERATING COSTS

£45,630

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2019 Vesta Global Limited. All rights reserved.