New Bridge Gardens, Bury, Greater Manchester

£117,500

KEY FEATURES
  • 2 Double Bedrooms
  • Immediate Income
  • Allocated Parking
  • Well Presented Throughout
  • First Floor Level
  • Open Plan Living Area
  • Great Location
  • Cul-De-Sac Position
  • Perfect For First Time Investors

Financial Performance
Gross rent £7,140
Ground rent £150
Service charge £1,044
Lettings fees £714
Net income £5,232
Gross yield 6.1%
Net Yield 4.4%
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Mr Investa is delighted to offer this 2 bed, 1 bath apartment with allocated parking and tenants in situ offering immediate income, making this a perfect addition to any investment portfolio.

Developed in 2004 with buy-to-let in mind. New bridge gardens is a really popular choice for renters.

The property briefly comprises; 2 double bedrooms, 1 bathroom open plan living / kitchen / dining area.

Located in Greater Manchester and situated in a quite cul de sac the property is perfectly located for commuters with easy access to Bury town centre and Manchester city centre. The property is based just off the popular Manchester Road with shops, restaurants and cafe's all within walking distance there is no shortage of things for to do.

Financial Performance:

Current rent pcm - £595pcm/£7,140 pa
Service charge - £1,044 pa
Lettings fee - £714 pa
Ground rent - £150 pa

Tenure:

Leasehold - 83 years remaining

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.