Student accomdation investment oppertunity. Tenant and management company in place. This property is for sale by Traditional Auction. The buyer and seller must Exchange immediately, and Complete 56 days thereafter. Interested parties personal data will be shared with the Auctioneer (iamsold)

A bedroom in a student cluster apartment for investment purchase at X1 Chapel Street. This room for sale is part of one of our 6 bed cluster flats and is a balcony room.

X1 Chapel Street are double bed with ensuite bathroom. Apartments share a kitchen and living space which is fully furnished.

There is an onsite gym for private residents use. The building also offers an on-site laundry service and secure bike storage. Security work in the building overnight 7 days a week.

Student investment opportunity, not suitable for owner occupiers / live in landlords. Cash purchase only. Property is tenanted and has a management company in place so it would be a perfect ready to go investment!

Ground rent £250 per annum
2023 - service charge - £3795.13 -All utility bills are included in the service charge.
Rent achieved - £143 per week usually occupied 48 weeks per year
X1 Lettings management fee 9% + VAT
Lease length - 999 years from 01.09.2014
council tax - N/A (purpose build student accommodation)
EPC Rated- B

Our student accommodation here at Chapel Street couldn’t be more perfectly positioned, with great travel links to both Salford Central and Victoria station. It’s the perfect base whether you’re studying at Manchester Metropolitan University, The University of Salford or The University of Manchester.

All of our rooms come fully furnished and comprise of a double bed, wardrobe, drawers, desk and chair along with LCD TV in every room. Each cluster flat is shared between 4, 5 and 6 people; with each bedroom coming with a separate end-suite wet room.
Only the living and kitchen areas are communal within each cluster.

You’ll also find an on-site gym available for all tenants to use 24 hours a day, along with an on-site laundry room which has recently been upgraded – meaning you can check on the status of your wash from the comfort of your own room. There is a communal courtyard, so when Manchester does receive some sun there’s some outdoor space for you to enjoy.

All utility bills are included in the service charge.

Chapel Street benefits from a secure fob system with security on site 7 days a week. We also have a bike store room on site in which tenants have access to 24 hours a day,

The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange.

A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.