Flat 5, Sackville Place, Manchester, M1
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Double glazing
- Fitted Kitchen
- Bike store
- SECURE OFF ROAD PARKING
Description
A fantastic opportunity for investors to acquire a tenanted two-bedroom apartment within the popular Sackville Place development in the heart of Manchester city centre. Currently generating a rental income of £1,400 PCM, equating to an attractive gross rental yield of approximately 6.13%, the property offers an immediate income stream from completion.
Sold with tenants in situ, this is an ideal opportunity for investors looking to add a ready-made, income-producing property to their portfolio without the initial void period and costs associated with securing a new tenancy.
The apartment offers spacious and well-maintained accommodation throughout, centred around a bright and modern open-plan living and kitchen area. The fitted kitchen provides ample storage and workspace, while the generous lounge area benefits from plenty of natural light.
There are two well-proportioned bedrooms, both offering comfortable living space with room for additional furnishings or home working setups. A contemporary bathroom suite completes the internal accommodation.
Residents benefit from secure entry access alongside the added advantage of an allocated parking space, a particularly valuable feature for a city centre apartment.
Sackville Place is ideally positioned within walking distance of Manchester city centre's shops, restaurants, universities, transport links and major employment districts, helping to support strong and consistent rental demand within the area.
With approximately 970 years remaining on the lease, no ground rent, tenants already in occupation and an established rental income of £1,400 PCM, this represents an excellent opportunity for investors seeking a centrally located Manchester property with an attractive existing yield.
Early enquiries are encouraged for further information regarding the tenancy and investment particulars.
Key Investment Information
• Sold with tenants in situ
• Current rental income of £1,400 PCM / £16,800 per annum
• Approximate net rental yield of 6.13%
• Two-bedroom city centre apartment
• Approx. 970 years remaining on the lease
• No ground rent
• Service charge £3,600 per annum
• Allocated parking space included
• Secure entry access
• Offered with no onward chain
Disclaimer: These particulars are intended as a general guide only and do not form part of any contract. Rental income, yield, lease information and other figures should be independently verified by your solicitor prior to exchange of contracts.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- 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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About Cherry Picked Properties, Heald Green
Southgate Centre Two, 321 Wilmslow Road, Heald Green, Cheadle, SK8 3PW
Notes
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