Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
An investment that ticks many boxes - Tenanted, Discounted from RICS, Strong rental demand, close to major regeneration areas. Barnaby Chamberlain Sales assistant
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*New - Manchester 2 bed apartments
AT A GLANCE
- 4 x 2 bed apartments.
- RICS discount of 20%
- RICS valuation at £115,000.
- Fresh prices from £92,000.
- £23,000 instant equity.
- All tentanted at yields of 7.3% - 7.7%
- Structured finance available - Invest with as little as £9,500.
- 2 Miles from Manchester City Centre.
- Close to Hospital and University.
In detail
The opportunity:
Fresh Invest are proud to offer for sale 4 x 2 bed apartments in the Gallery, Manchester all tenanted at yields of 7.3% and 7.7%. All units are tenanted on AST's and are in a very strong rental location.
All of these units have been built to a high standard and have a long list of specification including ergonomic kitchens. All units benefit from underground secure car parking.
Financial example:
2 bed apartment 628 sq ft Discounted to £92,000
- Deposit required - £27,600
- Rent - £595 pcm
- Mortgage - £64,400
- Mortgage Payments - £326.83 (Northern Rock 70% LTV @ 6.09%)
- Service Charge and Ground Rent - £89.16 pcm
- Positive cashflow per month £179 pcm (£2,148 per year)
*Structured finance is available, please request the brochure for details.
The development:
The Gallery's design has been inspired by both artistic imagination and architectural expertise, providing a fantastic living environment for all residing there. The apartments are practicable and are open plan with large bedrooms that could be used for living spaces in their own right.
The location:
Located only 2 miles from the Manchester City Centre, these apartments provide tenants the opportunity to be just out of the "hustle and bustle" of the city centre but still with all of the convenience. Close to the Hospital and University these are guaranteed to remain in high demand from local tenants. Manchester is currently receiving lots of regeneration in the form of the new "Media City" over at the Salford Quays which are only 10 mins from these apartments.
The next step:
Request the brochure from us which will show available apartments including various pictures.
Decide on the unit which you would like to purchase and we will then take you through the quick and easy reservation process.
