Studio for sale in Manchester M16, 0 Bedroom

We are pleased to present this great opportunity to invest in a 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 house 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, an outside patio area and just over two acres of well-maintained lawned area for residents to enjoy.

The development is perfectly situated opposite the 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 a prime student hub, with education continuing to be a number one driver of the rental market in Manchester. 100,000 students come to the city every year from all over the globe to take advantage of Europe’s largest campus and the three centres of excellence that the universities provide. The demand for student accommodation is always extremely high in the area making for a great investment opportunity.

Financial Breakdown

Gross rent: £3,520
Ground rent: £250
Service charge: £1,800
Lettings fees: £352
Net income: £1,118
Gross yield: 25.14%
Net yield: 7.99%

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 Housello 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.