Property Details: • Type: Flat • Tenure: N/A • Floor Area: N/A
Key Features: • 2 Bedroom First Floor Apartment • Ideal Investment Opportunity • Property Being Sold With The Current Tenant In Situ • Good Length Lease • Close Proximity To Birmingham City Centre
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 125 Deansgate, Manchester, M3 2LH
Full Description: *** INVESTMENT PROPERTY AND BEING SOLD WITH THE CURRENT TENANT IN SITU ***
INVESTMENT INFORMATION - Asking price: £142,500.00 - Current rental income: £795.00pcm (£9,540.00 per annum) - Expected rental income: £900pcm (£10,800.00 per annum) - Current gross yield: 6.7% - Expected gross yield: 7.6% - Service charge: £1,440.00 per annum - Ground rent: £125.00 per annum (increased to £250.00 in 2039) - Current net yield: 5.6% - Expected net yield: 6.5% - Tenure: Leasehold (172 year remaining) - Current tenant moved in on the 01/05/2023 and has had an extension for 12 months till 31/10/2025 - Currently the landlord self manages the property
DESCRIPTION
Pure Investor brings to the market this tastefully decorated and beautifully maintained two-bedroom first floor apartment. The property has superb access to main roads, rail links and bus routes, and briefly comprises entrance hall, lounge, kitchen, utility, two bedrooms, and family bathroom. The development has shared parking and the property benefits from having a garage in separate block.
ENTRANCE HALL Having laminate floor, storage cupboard, ceiling light point, single radiator, and open archway to lounge.
LOUNGE 12' 5" x 12' 0" (3.78m x 3.66m) Having full width double glazed window to front, laminate floor, double radiator, ceiling light point and coving.
KITCHEN 12' 4" x 7' 4" (3.76m x 2.24m) Having fitted kitchen with matching range of wall and floor-based storage units, has double glazed window to rear, door to utility room, stainless steel sink, roll top work surfaces, tiled splash backs, electric oven and gas hob with cooker hood over, single radiator, laminate floor, and ceiling light point.
UTILITY ROOM 7' 4" x 6' (2.24m x 1.83m) Having single glazed window to rear, roll top work surfaces, plumbing for washing machine, central heating boiler, laminate floor, and ceiling light point.
BEDROOM ONE 12' 4" x 12' 0" (3.76m x 3.66m) Having full width double glazed window to front, radiator, laminate floor, ceiling light point and coving.
BEDROOM TWO 10' 11" x 6' (3.33m x 1.83m) Having double glazed window to rear, single radiator and ceiling light point.
BATHROOM Having double glazed window to rear, a panel bath with shower over, pedestal wash hand basin, lower-level w.c, partly tiled with heated chrome towel rail and ceiling light point.
OUTSIDE There is ample shared parking, well maintained grounds, and single garage with up and over door in separate block.
