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2 bedroom flat for sale
Simpson Street, Manchester M4
£245,000
Simpson Street, Manchester M4
£245,000
Our Summary
- This well-kept home features the apartment is within the 1-billion-pound NOMA regeneration zone which is in the middle of Manchester most up and coming district means that over the medium to long term there will be a significant capital uplift on the apartment , the management company allows short term corporate lets which can maximise rental yields, A 5-6 minute walk from Manchester Victoria Station and Major Transport Links, The Arndale Centre, Deansgate and The Northern Quarter
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
Description
This 2-bedroom flat in Manchester is an attractive investment opportunity, offering a tenant currently in situ and generating an annual gross income of £19,200, which could increase to £24,000 with new tenants. The property is situated in the NOMA regeneration zone, which is expected to see a significant capital uplift over the medium to long term. The management company allows short-term corporate lets, providing the potential to maximize rental yields. The flat is just a 5-6 minute walk from Manchester Victoria Station and major transport links, as well as being close to amenities such as The Arndale Centre, Deansgate, and The Northern Quarter. With the current tenants having lived in the property for several years and having no intention to move out, this is a secure and lucrative investment opportunity for investors looking to expand their portfolio.