Manchester Street, Manchester M16 6 bed flat for sale

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Manchester Street, Manchester M16 6 bed flat for sale

Manchester Street, Manchester M16
£350,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This property investment opportunity consists of three 2-bedroom residential flats located in Manchester, with tenants currently in place, generating steady rental returns. The flats are fully furnished and leasehold, with 125 years remaining on the lease from 2008. Each property has a lounge, modern kitchen, bathroom, and benefits from local transport links. The current annual gross income is £36,300, which could be increased to £37,200 with market-rate rents. The annual ground rent and service charge are £500 and £2774, respectively. With a potential annual increase in income, this investment could be a worthwhile addition to a property portfolio.