Studio for sale in Manchester M16, 0 Bedroom

Opportunity to purchase a completed unit in the popular Montgomery House 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 House 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 House 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 £80.00 per week for a standard room, Montgomery House 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.

This development has undergone significant changes in recent years, and is now fully managed by one of the UKs leading property management companies, the Residential Management Group. With the rmg Group recently appointed by the managing committee of owners/landlords, Montgomery House presents a significant opportunity for investors seeking to invest in the rapidly expanding UK student property market.

319 Montgomery House Financials
£80 x 39 week let = £3120
Let until 17th June 2019
Service charges £1759
Lettings fee 9%
Net yield 6.75%
Ground rent £250 per annum
10 sq m room

- 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

Introduction to the Student Pods
Although Montgomery House consists of over 250 operational student units, the vast majority of these are comprised of the standard size student pods. These measure 10.00sqm/11.00sqm, and come complete with a wash basin, 3/4 size bed, desk and wardrobes.

Montgomery House - 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

Montgomery House - Buying process
Stage 1. Complete reservation form and pay deposit of £6,020.00 (includes finders fee of £850.00 plus VAT)
Stage 2. Solicitor instructed, legal's and sales pack sent out
Stage 3. Balance paid on exchange and completion of contracts.