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

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

City Suites, Chapel Street, Salford, M3 7NH
£185,000

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
  • 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 handle reservations, cleaning, laundry, and pass on the income to the owner minus service charges. The property is located near Deansgate, Victoria Station, and Manchester Arndale, making it a popular destination for short-stay clients. The current nett income after all costs for the year to September 2024 is £5,123, with running/service charge costs of £8,715, resulting in a gross income of £13,838. The property is being sold through the Modern Method of Auction, which requires the buyer to register and provide information to the auctioneer, iamsold Limited.
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