Melliau Street, Middleton, M24 5DN

£519,950

KEY FEATURES
  • 8 Bedrooms All En-suite
  • HMO
  • Immediate Income
  • Fully Tenanted
  • Over 1700 Sq.ft
  • Converted 2017
  • Close To Town Centre
  • Walking Distance To Restaurants, Shops And Bars
  • On Street Parking
  • Greater Manchester Location

Financial Performance
Gross rent £46,680
Ground rent £2
Service charge £11,395
Net income £35,283
Gross yield 8.9%
Net Yield 6.7%
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 Mr Investa is delighted to offer this 8 Bed, 8 Bath HMO house, offering immediate income. Over 1,700 Sqft of property over 3 floors.

Situated in Middleton a town in the Metropolitan Borough of Rochdale, Greater Manchester. The properties location is perfect for easy access to the town centre, just a short walk from all the bars shops and restaurants the area has to offer.

The property briefly comprises; 8 self contained flats with open plan living / kitchen and a communal kitchen.

Floor-plans available on request.
HMO licence in place.

Financial Performance:
Current tenancy length - Fully Tenanted
Current rent - £3,890pcm or £46,680pa
Lettings fee % - Self Managed
Running Cost based on 2020 figures - £949.62pcm or £11,395pa
Ground rent - £2 per annum

Full Information available on the above.

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.