Flat for sale in Kelso Place, Manchester M15
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Property features
- Balcony
- Underground parking
- Dedicated parking space
- Tenant in situ
- Current rental £875pcm
- Close to city centre
- Secure underground car park
- Excellent investment opportunity
Property description
St George's Island is a large development complex consisting of five blocks of 1- and 2-bedroom apartments. All apartments have large floor to ceiling windows and doors onto full length balconies meaning every apartment has views of outside space, whether that be views of canal, landscaped gardens, or city centre. Each block has two levels of secure parking and the development benefits from a concierge. St George's Island is located in Castlefield, one of the most desirable areas in Manchester.
Castlefield has beautiful canals, cobbled walkways and architecturally impressive mills. Castlefield has two Metrolink stops, Cornbrook and Deansgate which connect both to city centre and offer easy access to Salford Quays and southern areas such as Altrincham, Chorlton, Didsbury and Manchester Airport. The city centre itself can also be reached easily on foot in under ten minutes and Castlefield has selection of bars restaurants, pubs, cafe and a local shop.
Investment Information
Full address - 408 St Georges Island, 4 Kelso Place, Manchester M15 4GT.
Purchase price - £160,000.00.
Current rental figure - £875.00pcm.
Gross rental income - £10,500.00.
Gross yield per annum - 6.5%.
Service charge - £1,014.00 per annum.
Ground rent - £250.00 per annum.
Leasehold - 107 years remaining.
Current tenants moved in - 5th Jan 2022.
Tenancy status - rolling contract.
Managing agent - Portfolio8.
Monthly management fee - 10% plus vat, £500 plus vat tenant find fee.
Dedicated parking space.
Balcony area that is protected by glass front.
Mortgage buyers welcome due to mortgage companies lending criteria amendments following the Building Safety Act 2022. Government Building Safety Fund Approval in Place for remediation works.
For more information about this property, please contact
Pure, M34 on +44 161 937 0434 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pure, and do not constitute property particulars. Please contact Pure for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.