2 bedroom flat for sale

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2 bedroom flat for sale

Bridgewater Wharf, Manchester, M43
£161,500

Our Summary

  • The PropertyHeavily Discounted for a quick Sale - Cash Buyers only: While waiting for the EWS1 certificate, the developer issued a pledge letter to the leaseholders regarding critical fire safety issues at zero cost
  • Cash Buyers Only

Description

This heavily discounted 2-bedroom apartment in Droylsden town center is a rare investment opportunity, with a gross rental yield of 8.7% and a potential annual income of £1,200. The property is situated in a prime location, close to Tesco, restaurants, pubs, and public transport, as well as local schools and the Droylsden Marina. The apartment itself features a spacious layout, with an entrance hallway, living room, fitted kitchen, two good-sized bedrooms, and two bathrooms. The property also benefits from central heating, communal gardens, and an allocated parking space. Although the lease has over 50 years remaining, the developer has issued a pledge letter to address critical fire safety issues, which are currently being remedied at no cost to the leaseholders. With its excellent location and potential for strong rental returns, this property is an attractive opportunity for cash buyers looking for a quick sale.