Scroll To Top

**20% Below Market Value Block of 12 New build apartments Manchester with 20% rental returns **

City of Manchester, Manchester
Status
FOR SALE
Advert ID
229276
Freehold Price: £2,000,000
Annual Turnover: £203,840
Annual Net Profit: £182,000

This is a select development from W.A Hardman, of 2 and 3-bedroom apartments with onsite parking and all benefitting from 2 bathrooms.
The apartments are being built to a high spec with the highest quality finishes and top of the range kitchen and bathrooms fitted including all the latest technology and gadgets making them extremely desirable to tenants. They are located a stone’s throw from the Salford Royal hospital which is one of the largest teaching hospitals in Europe and these apartments are therefore aimed at room rental for the hospital staff but would also be suitable for any other professionals. They have a provable and achievable rent of £140 per week, per bedroom net of bills.

PRIME LOCATION 300M FROM SALFORD ROYAL.

NO ARTICLE 4 OR LICENSING REQUIRED.

OPTION TO USE PROPERTY MANAGEMENT COMPANY WHO HAVE RENTED IN EXCESS OF 75 ROOMS IN THE AREA TO NURSES, DOCTORS AND OTHER PROFESSIONALS IF REQUIRED.


This is for the off-plan purchase of a Freehold block of 12 Apartments a total of 28 bedrooms (8 x 2 bed 4 x 3 bed).  The apartments will be fully fitted and furnished on completion. 

Market Value £2,500,000 

**20% discount for Off plan Purchase**

Available for £2,000,000

****Equity gain £500,000 ****

Rental income £203,840 per annum

Returns
No finance on property on completion - 9% per annum
With 60% finance (recommended option) - 20% per annum
Equity Gain - £500,000 on completion of build


Financials
>Reservation - £100,000
>Within 28 days of reservation - £600,000
>Circa 6 Months (title registration) £700,000
>Completion Circa 12 months from reservation - £600,000

Listing Details
Location: City of Manchester, Manchester
Sector: Investment Properties, Commercial Properties
Key Features
  • Close to Local Amenities
  • Price Reduced
  • Fully Fitted
  • Prime Location
Listing Statistics
Impressionsi: Upgrade to view
Enquiriesi: Upgrade to view
Interestedi: Upgrade to view
Watchingi: Upgrade to view
Date Ad Submitted: Upgrade to view
Last Viewedi: Upgrade to view
Last Updatedi: Upgrade to view
Last Enquiry Received: Upgrade to view

RightBiz Premium Buyer Feature

See how much interest every advert is receiving by viewing full advert statistics. Learn more about paid memberships →
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing

Related Businesses for Sale

Investment Properties
Commercial Properties
Catering Businesses
Cleaning & Waste
Disclaimer
The data showed regarding this advert '**20% Below Market Value Block of 12 New build apartments Manchester with 20% rental returns **' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller