1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (104 years remaining)
- Amazing 10.28% gross yield
- 9.2% yield after service charge/ground rent
- Parking included
- Developer funding remedial works for EWS1 form
- Mortgage lender comfort letter available
- Corner position
- Floods of natural light
- EPC Rating = C
Description
Savills are delighted to present an excellent turn key buy to let investment option to the market. Offering a stunning 10.28% gross yield, and 9.2% yield after service charges and ground rent are deducted, this apartment is sure to appeal to the discerning investor.
Currently tenanted until September 2024, owner occupiers are welcome to enquire as vacant possession may be available following this date.
Briefly, the apartment comprises of an open plan living and kitchen area, positioned on the corner of the development allowing floods of natural light within.
The main bedroom is a well-appointed and practical space, whilst the apartment is completed by a modern three piece suite bathroom.
Externally, there is a parking space included in the purchase price in the gated development of Lamba Court.
Whilst there is no EWS1 form available, we have been provided with a lender comfort letter from the developer, advising remedial works are to be funded by them (no costs to leaseholders). Interested parties can enquire with the office for further information and a copy of the letter as required.
Disclaimer: This property has cladding, as far as we know the current position with the property is:
It’s been tested and works are required however there are interim measures in place
* You should make enquires about the external wall system of the property, if it has cladding and if it is safe or if there are interim measures in place.
Location
Slater House sits in an excellent location along Ordsall Lane between Manchester city centre and Media City. Cornbrook tram stop (0.7m), Deansgate tram & train links (1.1m), and Spinningfields (1.2m) are all within easy reach.
Regent Road Retail Park is also situated just behind the development (0.4m) with a large Sainsbury's, TK Maxx, Boots, and much more on offer.
Salford Central Train Station is just 1.1 miles away, which provides good access links both in and out of the city centre.
Sports and entertainment are within easy reach also. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 1.2m and 3.4m away respectively.
For cultural activities, locally residents are only 0.8m from Castlefield Bowl which often hosts an array of food festivals and music gigs.
Please note all distances quoted are approximate.
Square Footage: 623 sq ft
Leasehold with approximately 105 years remaining.
Additional Info
Ground rent reviewed in line with RPI, next review is 2028 and every 5th anniversary thereafter
Lease expiry date: 31/12/2128
Places of interest
See more properties like this:
*DISCLAIMER
Property reference MNS240013. 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 Savills - Manchester Bridge Street.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 7, 2022
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: obtained from Ofcom on January 7, 2022
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: obtained on October 4, 2017 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.