Studio for sale in Manchester M16, 0 Bedroom

Opportunity to purchase a completed unit in the popular Montgomery Halls development in central Manchester. There are no new student developments being granted planning permission in Manchester (home to over 105,000 students), and as such student pods for sale in existing, operational developments such as Montgomery Halls are now at a premium. As such, these units offer substantial opportunity for capital appreciation as well as a consistently high yield starting in September 2016.

An existing and fully operational student development, the student pods for sale in Montgomery Halls offer our investors one of the best opportunities to invest in the rapidly expanding student accommodation investment market. Despite weekly rental fees being increased up to £90.00 per week for a standard room, Montgomery Halls still offers one of the lowest priced student accommodations in central Manchester, creating a consistent demand from tenants studying at one of the cities three major universities.

Montgomery Halls - Investment Highlights
- The student population in Manchester is over 105,000
- Three major universities
- Fully managed student development
- Completed and fully operational student development
- bmv student accommodation
- Prices include Water, Gas, Electricity and Wifi through the building
- On-site parking available - most developments have no car parking facilities
- Large spacious gardens including bbq area
- 24hr on site management
- Spacious shared recreation area
- Cash purchase only

Montgomery Halls - Tenancy Status
- Currently let at £90 per week until May 2020 (£4680 per annum)
- Service charges £1759
- Ground rent £200
- Lease 146 years remaining
- Facilities management by rmg (service charges do apply)
- net yield 13%

Montgomery Halls - Features
Mature gardens and leafy surroundings
Free parking
Extensive gardens
Free minibus service to the city centre
On site laundry facilities
On site gym facilities (additional charge of £10 per term for gym use.)
Bike store

Monty Halls - Buying process
1. Complete the reservation form and pay the £2,000 reservation fee
2. Instruct solicitors and receive legal and sales pack
3. Pay the remaining balance on completion of contracts