1 bedroom serviced apartment for sale

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1 bedroom 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 take care of reservations, cleaning, laundry, and pass on the income to the owner minus service charges. The property is located a few minutes' walk from Deansgate, Victoria Station, and Manchester Arndale, making it a popular destination for short-stay clients. The property has a fantastic nett income of £5,123 per year, with running/service charge costs of £8,715, resulting in a gross income of £13,838. The property is ideal for a hands-off investment, with the building operators taking care of all the day-to-day management, allowing the owner to simply collect the income.
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