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X1 The Plaza, 1 Advent Way, Manchester

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

2

SIZE

657 sq ft

61 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Tenanted Until April 2024
  • OVER 5% 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

Description

NEW 12 MONTH TENANCY UNTIL APRIL 2024!
OVER 5% NET Yield!

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.

New 12 Month Tenancy Until April 2024!

Current Financial Performance:
Rental Income: £1270pcm / £15,240 per annum
Service Charge: £1,819.89 per annum
Ground Rent: £350 per annum
Lettings Fee 8% Inc VAT: £1219.20 per annum

NET INCOME: £11,850.91
NET YIELD: 5.3%

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.

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

£350 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.

ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

£1819.89

LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

Ask agent

Energy Performance CertificatesA document confirming the energy efficiency rating of the property.Read more about epc in our glossary page.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Ask agent

X1 The Plaza, 1 Advent Way, Manchester

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • New Islington Tram Stop0.2 miles
  • Holt Town0.3 miles
  • Manchester Piccadilly Station0.5 miles
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About the agent

Mr Investa Ltd, Salford

Mr Investa, Blue Tower, MediaCityUK, M50 2ST

We offer a unique and bespoke service for Landlord to Landlord Sales.

Here at Mr Investa we understand that not ever investor is the same, not every seller or buyer have the same requirements.

Using the latest technology in the property market to give our clients a full insight to the properties and areas we offer from the comfort of their home or on the go. We do this by providing a virtual tours, floor-plans and financial performance for each property.

Our aim is to take t

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Disclaimer - Property reference MSN-93111155. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mr Investa Ltd, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.

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