Investment Property of the Month - January

Tue 05 Jan 2016

Property type: Two-bedroom flat
Location: Manchester
Asking price: £190,000
Monthly rent: £925
Yield: 5.8 per cent 

This two-bedroom flat in central Manchester, offered for sale with tenants in situ, presents an attractive opportunity to investors seeking a desirable property, excellent rental yield and regular income from day one.

The current tenants have been fully vetted and are contracted to remain in the property until September 2016, paying a monthly rent of £925. This generates total annual income of £11,100, delivering a yield of 5.8 per cent when purchased at the asking price of £190,000.

Located within The Grand building in Aytoun Street, the flat is within easy reach of both the popular Piccadilly Gardens area and Manchester Piccadilly train station. Such a prime position is likely to ensure it remains highly sought-after among tenants in the years to come.

Entry to The Grand is by secure fob only and residents are immediately welcomed into a spectacular covered courtyard, where an on-site concierge is based. The flat for sale is on the upper ground floor and is comprised of an entrance hall with storage space, an open-plan living area with a kitchen included, a master bedroom with en-suite facilities and a second double bedroom and a bathroom.

One of the advantages of purchasing a property via Leaders’ Investor Network programme is that we are able to provide a comprehensive history of the flat, including maintenance records, details of past tenancies and rental returns.

For more information or to arrange a viewing of The Grand, please contact our Investor Network team on 01273 744881 or email invest@leaders.co.uk.

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