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Studio
Montgomery House, Demesne Road, Manchester M16
£23,500
Montgomery House, Demesne Road, Manchester M16
£23,500
Our Summary
- **superb investment opportunity / opportunity for A potential studio conversion**
- >>Cash buyers only<<
- 2 rooms 'units' are available and provide an excellent opportunity for a potential conversion of these into a modern studio to further enhance returns on this investment
Description
This is a cash buyer-only opportunity to purchase a double bedroom "unit" in Montgomery House on Demesne Road, with a monthly rental income of £575. The unit comes with extras such as a microwave, kettle, and mini-fridge, and is currently rented out to working professionals with a reliable payment history. The lease has 137 years remaining, and the annual running costs are approximately £2,800. The property has the potential for conversion into a modern studio, and there is a possibility of a discount if two units are purchased together. A reservation deposit of £2,500 is required to secure the sale, and an administration fee of £396 is also necessary to draw up a legally binding contract.