Studio for sale in Montgomery House, Demesne Road, Manchester M16

Property Reference number : 596472

**superb investment opportunity / opportunity for A potential studio conversion**
>>Cash buyers only<<

1-double bedroom 'Unit' now available in Montgomery House on Demesne road.

The room comes with extras:
Microwave, Kettle, Mini-fridge, Coffee table, and Chest of drawers.

Standard items like a double bed, wardrobe, working desk, and chair are included in this listing too.

Hands-off investment with reliable tenants (working professionals-the rent was not delayed once).

Monthly Rental £483 pcm.

Approximate total annual running costs:
-Service charge £2600
-Ground rent £200

Tenure: Leasehold;
Lease: 137 years remaining. 150-year lease starting from 2011;
Room size approx: 118 sq.ft

***Important information***
2 rooms 'units' are available and provide an excellent opportunity for a potential conversion of these into a modern studio to further enhance returns on this investment. ** There is a possibility of a discount if 2 rooms are bought together.

Council Tax: A

Current Annual Ground Rent: £200.00

Current Annual Service Charge: £2,600.00

Current Length Of Lease Remaining: 137 Years

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Property Reference number : 596472