Off-Market Tenanted Manchester Apartments with 15% ROCI

Off-Market Tenanted Manchester Apartments with 15% ROCI

14:33 PM, 31st January 2014, About 10 years ago

Text Size

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.




Sequre pic 2


Oops! We could not locate your form.

Share This Article

Landlord Tax Planning Book Now