Studio for sale in Manchester M16, 1 Bedroom

Property Ref: 2949

This is a student unit in a fully managed student halls in a great location. Recently refurbished to a good standard.

Fully tenanted at £3400 per 40-week student term (£85 per week), plus recently there have also been summer lets in for 8 weeks at £75 per week. A total of £4000 current yearly income.
Costs are £1800 service charge, £200 ground rent, and £320 lettings fees. 6.5% net yield
There is no stamp duty to pay

Tenancy includes include Water, Gas, Electricity, and Wifi
On-site parking available
24hr on-site management
The spacious shared common room
Mature large gardens
On-site laundry facilities
On-site gym facilities
Bike store
Shared kitchen and bathrooms

Property Ref: 2949
For viewing arrangement, please use 99home online viewing system.

If calling, please quote reference: 2949

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