Off-Market Tenanted Manchester Apartments with 15% ROCI
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.
Investment Summary
• 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 | |
| Purchase Price | £75,000 |
| Deposit required at 30% | £22,500 |
| Mortgage required at 70% | £52,500 |
| Rental Income | £6,600 |
| 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.
Exterior
Interior
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