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Two Bed Apartment

Manchester, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: AVAILABLE

  • New development
  • Luxury apartment
  • 2 double bedrooms
  • Views of Manchester city centre
  • Tenants in situ
  • Ensuite

The property consists of: Entrance hallway leading to the main living space where the kitchen and reception room or combined. The kitchen comes with high spec integrated appliances such as dishwasher, oven, hob and sink and drainer. The balcony at the end of the room has great views looking back onto Manchester city centre. There is a family bathroom with a bath/shower, toilet basin and sink along with 2 good sized double bedrooms with the master having an ensuite with shower, sink and basin. 

 

106 One Regent- Investment Highlights

Guide price £300,000.00

2nd floor apartment

Current rental price £950.00pcm

Current tenancy end date 27th Feb 2023

Expected rentals of £1,300.00pcm

Gross rental income £15,600 per annum

Service charge per annum £1,645.40

Ground rent per annum £300.00

Management/lettings cost per annum - £1,135.44

Leasehold – 250 years remaining

Expected gross yield return of 5.2%

Approximately 60sqm

 

Lettings and Management

The current management agent on this apartment is Savills. Overall letting fees are £1,135.44 per annum.

 

Current Tenancy Status

Current tenants are on a fixed period until 27th Feb 2023. The tenants are house sharing with one of the tenants vacating within the next month as the individual is relocating due to work. A new tenant has been found however to replace them.

 

106 One Regent - Local Amenities and Information

Walking distance to city centre Near all local transport links

Near all major transport links in Manchester

One regent road which allows access to motorway links out of Manchester

Shopping centre across the road

 

One Regent - Purchase Process
1. Complete a reservation from to secure the unit and provide AML documents
2. Pay £1,250.00 plus VAT (50% of sourcing fee). Additional £1,250.00 plus VAT due on successful completion.
3. Solicitors instructed
4. Balance due on completion.

Video - Two Bed Apartment

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Call: +44 (0) 161 337 3890

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