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Alto, Sillvan Way, Manchester, M3 2 bed apartment for sale
Alto, Sillvan Way, Manchester M3
£240,000
Alto, Sillvan Way, Manchester M3
£240,000
Our Summary
- *** cash buyer only ***
Description
This 2-bedroom, 1-bathroom apartment in the Alto development is a great investment opportunity or perfect for an owner-occupant. With a 6.13% rental yield at £1225 pcm, it's expected to increase to 6.50% at £1300 pcm. The apartment is fully furnished and located on the 6th floor, offering 615 sq ft of living space. The building features a 24-hour concierge, communal garden, and is EWS1 A2 rated. The property is available to both investors and owner-occupants and is tenanted until April 2026. The leasehold term is 250 years from 2014, with a service charge of £1636.34 per annum, ground rent of £600 per annum, and buildings insurance of £535.06 per annum. The apartment is located in a prime position, just moments from Manchester's city centre, with easy access to shopping, dining, and attractions.