Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
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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.
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