1 bedroom apartment for sale

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1 bedroom apartment for sale

Chester Road, Manchester M16
£273,000

Our Summary

  • Reduced price | prime investment opportunity | mcr

Description

This luxury apartment development in Manchester offers a unique investment opportunity with a 25% deposit required. The 441 premium apartments, ranging from 1 to 3 bedrooms, feature breathtaking views of the city and a panoramic experience. With a 6% gross yield estimated, the development is expected to see high tenant demand and increasing rents. The apartments are available for purchase with a 20% down payment, and the leasehold tenure is 950 years. The service charge is estimated at £2.75 per square foot, and the ground rent is 0.01%. The development is located in one of the UK's top investment locations, with prices having increased by 12% in the last year and rents expected to rise by 16.5% between 2020-2024. With its prime location and high-end amenities, this development is an attractive investment opportunity for those looking to capitalize on Manchester's growing property market.
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