Studio for sale in Manchester M16, 0 Bedroom

We are pleased to present this great opportunity to invest in a tenanted student pod in the popular Montgomery House in the heart of the student hub, Manchester.

This great size student pod includes a double bed, wardrobe with drawers, study desk with drawers, chair, sink, wall-mounted mirror, wi-fi, tv point and window blind. This popular student development lets students have the option of picking a gender specific floor and features great communal facilities such as fully equipped communal kitchens, shower rooms, bathrooms, toilets and laundry rooms.

Montgomery House is a unique and grand building which features an onsite gymnasium and large communal lounge with French doors that lead to the outside patio area where there are timber picnic benches and just over two acres of well-maintained lawned area to enjoy; a great place to take part in sports, read, work or simply relax, no surprise as to why this is so popular with students.

The development is perfectly situated opposite classical Victorian Alexandra Park, sandwiched perfectly between Fallowfield and Manchester City Centre with all the major Manchester Universities near and just a 10-minute bus ride to the city centre.

Manchester is known as the student hub, with students travelling nationwide and from abroad to study at the well-known universities in the area. The demand for student accommodation is always extremely high in the city making this a lucrative opportunity to invest!

Financial Breakdown

Gross rent: £3,400
Ground rent: £200
Service charge: £1,828
Lettings fees: £306
Net income: £1,066
Gross yield: 12.14%
Net yield: 3.81%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-12847