A tenanted apartment located on the outskirts of Manchester City Centre achieving a rental income of £650pcm/£7,800, producing an attractive gross yield of 19.5% when based on the quoted guide price. The apartment is located on the 3rd floor and can be accessed via a lift and accommodation comprises entrance vestibule, bathroom, lounge & kitchen. The bedroom area is located off the lounge and uses borrowed light. The property sits in a convenient location with easy access to local shops, Manchester City Centre, North Manchester General Hospital and Heaton Park. Lease Length - 250 years from January 2005 Ground Rent - £328.34pa Service Charge - £3,495.04pa (£873.76 per quarter)

Tenure

Leasehold

Third Floor Apartment

Entrance Vestibule Lounge Kitchen Bedroom Area Bathroom

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Manchester City Council Council. Tax Band A

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1500 inc VAT.

Disbursements - Search Fees: £300 inc VAT.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.