Property Details


Tenanted Apartments With Excellent Cash-Flow

Manchester, England

United Kindom

Prices From £85,000

Reserved


GPI are very pleased to launch our latest BMV investment opportunity located in North East Manchester.

These apartments were built in 2007 and comprise of 14 x 2 bedroom and 1 x 1 bedroom. Each apartment has been well maintained and briefly comprises of entrance hall, combined white bathroom, two bedrooms, lounge, fitted kitchen with integrated appliances. Laminated floor throughout with secure parking available.

The development is located in an established residential area and since being built have always let well. The scheme is broken down into one block of 9, one block of 4 and one block of 2 apartments.

We have confirmed rental figures for each two apartment of £495 pcm which results in a gross yield of 8.7%. This will produce monthly positive cashflow of £267 pcm and the 20% discount secures you instant equity of £17,000 on completion.

Location

Metrolink stop to open in Newton Heath 2012 which will link the area with Manchester city centre, areas across Greater Manchester & Media City. Airport 8.5miles. Easy access to the A62 with links to the M60. 2.8 miles from Manchester City Centre.

Property Summary


  • 5 x 2 Bed Apartments (Tenanted)
  • Built in 2007
  • Instant Equity – Up To £17,000
  • Secure Gated Parking To The Rear
  • High Yielding Investment (8.7%)
  • Manchester City Centre 4.5 Miles
  • Excellent Cashflow – £267 pcm
  • Assisted Deposit Scheme Available (Subject To Status)

Financial Breakdown


Market Price £85000
GPI Price £68000
Assisted Deposit Included
Rental Income £495
Mortgage Costs £228
Cash Positive £267
Gross Yield 8.7%