*** CASH BUYERS ONLY *** GREAT INVESTMENT ***
***This is exciting opportunity to own a brand new one bedroom apartment ***
This fantastic new built apartment is situated in a converted mill and boasts luxury living space comprising of an open plan kitchen/lounge area, double bedroom and bathroom.
The nearby area has plenty to offer with a large country park of over 160 acres with riding school, and small animal center, fishing pond, lots of wildlife, idyllic woodland and riverside walks. There are also bars and restaurants nearby to be enjoyed.
It is also conveniently connected to Manchester City Centre and Manchester Airport. It takes approximately only 20 mins drive to both locations. It is also well connected with 3 nearby train stations and a couple of bus stations.
Viewings can be arranged with Philip Ellis Estate and Lettings on 0161 773 1011.
The vendor has informed us of the following:Ground rent: £80 per year
Service charges: £895 per yearNew build- completion May 2020
10 years building warranty from 12th May 2020
250 years lease from 1st Jan 2018Yield: 5 %
There are no management letting fees during the rent guarantee period.
2 years rent contract of £6300 per year, starting from May 2020 to April 2022.
Totally hands-off solution with about 2 years fixed income.
Management fee: No management fee up to 11th May 2022.
Rental income will be calculated from the completion date.
Buyer will have slightly less than 2 years depending on when they complete.