City Suites, Chapel Street, Salford... 1 bed serviced apartment for sale

>

City Suites, Chapel Street, Salford... 1 bed serviced apartment for sale

City Suites, Chapel Street, Salford, M3 7NH
£175,000

Our Summary

  • This property is for sale by the Modern Method of Auction
  • This method of auction requires both
  • For Sale by Modern Auction – T & C’s apply
  • For Sale by Modern Auction – T & C’s apply
  • The Modern Method of Auction

Description

This is an investment opportunity to purchase a one-bedroom self-contained property in the City Suites Apart Hotel on Chapel Street, Salford. The property is fully managed by the building operators, who take care of reservations, cleaning, and laundry, and pass on the income to the owner minus service charges. The property is located near popular destinations such as Deansgate, Victoria Station, and Manchester Arndale, making it a popular choice for short-stay clients. The property has fantastic resident amenities, including a gym, swimming pool, and restaurant. For the year to September 2024, the property earned a nett income of £5,123, with gross income of £13,838 after service charge costs.