EPC rating

X1 The Plaza, 1 Advent Way, Manchester

Asking Price
£225,000
Flat
2
2

Key Features

  • Tenanted Until May 2025
  • 6% NET Yield
  • 2 Double Bedrooms
  • 2 Bathrooms
  • Private Balcony
  • Garden Views
  • On-Site Gym
  • Highly Desirable Location
  • Walking Distance to Piccadilly Station
  • Close to Restaurants, Shops & Bars

TENANTED UNTIL MAY 2025! OVER 5% NET Yield! *New 12 Month Tenancy Until May 2025!* Current Financial Performance: Rental Income: £1350pcm / £16,200 per annum Service Charge: £1,919.89 per annum Ground Rent: £350 per annum Lettings Fee 8% Inc VAT: £1,296 per annum NET INCOME: £12,634.11 NET YIELD: 5.6% *Photos, Floorplan & Video Tour of the actual apartment!* Mr Investa are delighted to offer this high specification TWO BED, TWO BATH apartment with PRIVATE BALCONY, making this the ideal property for investors. EWS1 Form in place. Situated in a highly desirable area of Ancoats, the location is perfect! Offering easy access to Manchester City Centre and Ancoats Urban Village, just a short walk from all the bars shops and restaurants the area has to offer. X1 The Plaza benefits from on-site facilities for residents which include a private gym. The building is securely accessible with the use of a fob entry system. The property is located just a 10-minute walk away from Piccadilly Train Station and is also a 5-minute walk from the New Islington Metrolink tram station. The property is also easily accessible to motorways - M62, M56 and M602 - and Manchester Airport. Tenure: Leasehold 235 years 232 years remaining Call us now to find out more about this superb opportunity. 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.

Financial Performance

  • Gross Rent
    £16200
  • Ground Rent
    £350 / year
  • Service Charge
    £1,819.89 / year
  • Lettings Fees
    £1296
  • Net Income
    £12634.11
  • Gross Yield
    7.20%
  • Net Yield
    5.6%

Speak with Mr Investa

Got any questions or would like to arrange a viewing?

Call us on +44 (0)161 713 3693.


Want to make an offer?

Please click the Offr icon in the bottom right of the page to begin the process directly through our website.