FREE ONLINE PROPERTY VALUATION! Find out the valuation of your property in just 30 seconds!Free Valuation
Portfolio8 are delighted to present apartment 106 One Regent. One Regent is a completed and tenanted development rising high from the banks of the River Irwell offering an inspired blend of urban tranquillity and modern sophistication. Ideally located just two minutes from Castlefield, one of Manchester’s most vibrant destinations, packed with buzzing bars, restaurants and offices.
Price:
£300,000.00Gross Rent:
£15,600.00Gross Yield:
5.2%Tenancy Status: Tenanted
Tenure: Leasehold
Furnishings: Furnished
The property consists of: Entrance hallway leading to the main living space where the kitchen and reception room or combined. The kitchen comes with high spec integrated appliances such as dishwasher, oven, hob and sink and drainer. The balcony at the end of the room has great views looking back onto Manchester city centre. There is a family bathroom with a bath/shower, toilet basin and sink along with 2 good sized double bedrooms with the master having an ensuite with shower, sink and basin.
106 One Regent- Investment Highlights
Guide price £300,000.00
2nd floor apartment
Current rental price £1,025.00pcm
Current tenancy end date 27th Feb 2023
Expected rentals of £1,300.00pcm
Gross rental income £15,600 per annum
Service charge per annum £1,645.40
Ground rent per annum £300.00
Management/lettings cost per annum - £1,135.44
Leasehold – 250 years remaining
Expected gross yield return of 5.2%
Approximately 60sqm
Lettings and Management
The current management agent on this apartment is Savills. Overall letting fees are £1,135.44 per annum.
Current Tenancy Status
Current tenants are on a fixed period until 27th Feb 2023. The tenants are house sharing with one of the tenants vacating within the next month as the individual is relocating due to work. A new tenant has been found however to replace them.
106 One Regent - Local Amenities and Information
Walking distance to city centre Near all local transport links
Near all major transport links in Manchester
One regent road which allows access to motorway links out of Manchester
Shopping centre across the road
One Regent - Purchase Process
1. Complete a reservation from to secure the unit and provide AML documents
2. Pay £1,250.00 plus VAT (50% of sourcing fee). Additional £1,250.00 plus VAT due on successful completion.
3. Solicitors instructed
4. Balance due on completion.
Note - Please note that Portfolio8 has not visited this property and that all material has been provided by the vendor.
Specialists in selling tenanted property for investors and landlords.
Earn rental income right up to completion.
Avoid costly void periods.
No need to evict tenants and distrut lives.
We have 1000's of investors actively seeking tenanted properties.
Get a question?
Our hugely experienced sales team are here to help you.
If you would like further details about this investment opportunity, please contact us using the form below or call us directly.
Any Questions?
Call: +44 (0) 161 537 2727
