Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
The development is perfectly situated within touching distance of the M60 Ring road, Manchester City Centre and Media City at Salford Quays. This off-market deal has been sourced from a bank who is looking to exit the apartments very quickly.
• 15.1% Return on cash invested with a 30% deposit and 4% mortgage rate • Fully tenanted apartments • Yields almost 9% • Zero void periods • 10 minute commute into Manchester City Centre • 5 minute commute to Media City • 5 minute walk to tram stop • Highly desirable block
|Financial Example – Two Bedroom Apartment|
|Deposit required at 30%||£22,500|
|Mortgage required at 70%||£52,500|
|Interest payments on mortgage (based on 4% interest)||£2,100|
|Estimated annual running costs (ground rent, service charge etc)||£1,100|
|Estimated net profit PA||£3,400|
|Return On Cash Invested||15.1%|
This arrangement is not available on the open market and for more information on prices, discount and rental income please complete the form below the pictures.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More