Studio for sale
Key information
Property description & features
- Tenure: Leasehold (247 years remaining)
- Exclusive investment opportunity
- Tenanted and fully managed apartment
- NET yield 6.38%
- Exclusive resident facilities
- Weekly and monthly events for residents
- Central and well connected location
CASH ONLY
A RARE AND HIGHLY SOUGHT AFTER INVESTMENT OPPORTUNITY- perfect for investors looking to start or expand their portfolio in Manchester. This apartment offers investors a high yield, and is tenanted and fully managed.
The apartment you'll be investing in has everything a tenant could need: It's fully furnished with high quality furnishings, the spacious kitchen has integrated Bosch appliances, and the bathroom is fitted with floor to ceiling tiles. The apartment is west facing offering views of the city, and has space-saving design with brilliant storage solutions, such as a large ottoman storage bed and built in shelving, offering your tenant the best of the best.
This apartment has remained 100% occupancy rate since its completion in 2018, and now you can benefit from it's success:
Actual rent - £9,000
Rent per month - £750
GR - £250
Service charge - £1054.48
Management - £810
Net rent - £6,885.52
Net Yield - 6.38%
The Development
Westpoint is a totally hands-off investment opportunity - allowing investors to enjoy all the benefits of owning property in the UK's no.1 investment location, without any of the hassles of being a landlord, while still enjoying high returns.
Completed in 2018, to a pioneering standard of quality and finish, Westpoint not only offers residents somewhere to live, but also a built-in community - brought to life through the abundance of on-site facilities, and the dedicated residence team - all of which set Westpoint apart from other developments across the city.
Facilities and features include:
5* hotel-like facilities exclusively for residents
* A communal residents lounge
* Fully equipped gym
* Onsite concierge services
* Dedicated onsite residence managers
Luxury and sustainability as standard
* Air source heat pumps
* Underfloor heating
* Thermostatic shower mixer
* Gas-lift ottoman leather bed
* Bespoke furnishings throughout
* Quartz worktops
The Location
Located at the gateway to Manchester City Centre, in a £50 million regeneration area and neighbouring the iconic Old Trafford football stadium (home of Manchester United) as well as the Emirates Cricket Ground.
Why Manchester?
~ Global Connectivity
Manchester is the number one choice for investors across the world. The global connectivity that Manchester International Airport provides has contributed £4.5 billion to the local economy and is currently undergoing a £1 billion expansion - which will mean the airport can cater for an additional 30 million passengers each year.
~ World-class Universities
Home to two world-leading universities that attracts thousands of new students every year to Manchester, 60% of these students will then stay in the city after graduating, further contributing to the demand for rental housing. There is also an undersupply of housing in the city; 11,000 new homes are needed in the city each year to keep up with the growing demand, and currently only 7,000 are being built - leaving a shortfall that investors can benefit from.
Places of interest
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*DISCLAIMER
Property reference WP137. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Beech Holdings - Sales.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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