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The Bank, King Street, Stretford, M32

PROPERTY TYPE

Flat

BEDROOMS

1

BATHROOMS

1

SIZE

541 sq ft

50 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.
The Bank - Duplex
1

Key features

  • Spacious One Bedroom Duplex Apartment
  • Exclusive Development With Only 13 Apartments
  • Open Plan Living With High Specification Fitted Kitchen
  • Additional Room Currently Used As A Walk-In Wardrobe
  • Stretford Town Centre Location
  • Fantastic Public Transport Links To Easily Commute
  • Convenient For Shops, Bars & Restaurants
  • Attractively Priced
  • Currently Tenanted On A Rolling Monthly Contract
  • Ideal For Owner Occupiers Or Buy To Let Investors

Description

ATTRACTIVELY PRICED & IDEAL FOR OWNER OCCUPIERS OR BUY TO LET INVESTORS!

7% Yield!

Currently let on a rolling monthly contract at £820pcm which equates to £9,840pa.

Take a look at our 360 Virtual Tour!

Mr Investa are pleased to present to the market this UNIQUE OPPORTUNITY to purchase a LUXURY ONE BEDROOM DUPLEX APARTMENT in a popular and recently completed development, The Bank. Positioned on the top floors of the development, the apartment benefits from plenty of natural light coming through the windows to the side and ceiling into a spacious open plan living area including a high-specification fitted kitchen with integrated appliances, double bedroom, walk-in wardrobe which could also be used as an office or a temporary second bedroom.

The Bank is one of the few original historic buildings remaining in Stretford Town Centre and has been sympathetically refurbished into 13 tastefully designed 1 and 2 bedroom apartments over 3 levels. It has proved to be very popular on the rental market since completion due to it's exclusivity, specification and desirable location as there is easy access to public transport links to commute in and out of Manchester City Centre, including the Metrolink Service.

The development will benefit significantly from the multi-million pound regeneration project which is taking place in Streford to make substantial improvements to Stretford Mall and the town centre to create new shops, a public square and a new park with valuable open green spaces for people to gather and interact. There are also plans for new bars, restaurants and cafes to open along the Bridgewater Canal to create an impressive waterfront destination.

Current Financial Performance:
Rental Income: £820pcm / £9,840 per annum (on a rolling contract to allow flexibility)
Service Charge: £2,319 per annum
Ground Rent: £240 per annum
Lettings Fee 10% + VAT: £1,180.80 per annum

NET INCOME: £6,100.20 per annum

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.
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.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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The Bank, King Street, Stretford, M32

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About Mr Investa Ltd, Salford

Mr Investa, Blue Tower, MediaCityUK, M50 2ST
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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 the time, effort and stress away for our clients by doing all of the leg work for them, so we have created a simple 5 step process to help buy or sell a buy-to-let property.

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Disclaimer - Property reference MSN-79672368. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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