Property for sale in Manchester M34, 5 Bedroom

**fully let hmo**

Nextoria are pleased to offer this 5 Bed Fully Let HMOs In Manchester.
All rooms are fully rented with a mix of fixed and periodic ASTs.

Property has 5 beds but licensed for 6 so can have a couple in one room if required for higher rent.

For more information contact Nextoria

See Below

Gross Income

£432.69 per week
£1,875.00 per month
£22,500.00 per annum

The property is held in a limited company. This may give the buyer a choice whether to purchase the company or the property privately. The buyer is advised to contact relevant professional to determine the best course of action for them. When purchasing the shares of a company, there will be a stamp duty at 0.5% against purchasing the property where stamp duty could be as much as 13%.
Purchasing a property in a limited company may save on tax over purchasing a property privately. Private individual owners pay income tax on gross income across all properties. Depending on their current tax bracket, this can increase the more rent they earn. Purchasing the property in a limited company limits the income tax to only 19% of net profit of the company. Scheduled to drop to 18% in April 2020.

Management
The property is currently managed by an approved management company.

The property is fully furnished with quality furniture, fixtures, fittings and all white goods. The property comes with CCTV and all the necessary certificates in place.

Reservation deposit non refundable fee: 1% Plus Vat - Once paid property will be taken off market. The fee will then be deducted of the payment due once sale is complete

Call Nextoria for more information .