Off-Market Tenanted Manchester Apartments with 15% ROCI

Off-Market Tenanted Manchester Apartments with 15% ROCI

14:33 PM, 31st January 2014, About 8 years ago

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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.

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

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Interior

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