•Completely renovated in 2016
•Popular student let with an excellent rental history
•New plumbing and re-wire when renovated
•Currently rented at £16,560 per annum
•Attractive period property
•Fully compliant for letting purposes
•Freehold available by separate negotiation
The property is located on Clifton Avenue, between Egerton Road and Brook Road in Manchester. Conveniently located within walking distance of main bus links and a variety of amenities including supermarkets and a public house.
A three-bedroom apartment located on the ground floor within this semi-detached converted period property.
Accommodation is well presented throughout and includes; entrance hallway leading to the first bedroom, on to an open plan kitchen/ living room which has good natural light via a large window. The kitchen comprises fitted wooden effect units, stainless steel sink and breakfast counter looking out to the rear communal garden.
The second hallway leads to two additional well-proportioned bedrooms, which both benefit from plenty of space for fitted or freestanding furniture.
The apartment also includes a contemporary styled shower room comprising a walk-in-glass shower, wash basin and W.C.
Externally, the property benefits from communal garden and limited off road parking to the rear for one small vehicle.
The property is currently let on a single AST agreement with Guarantors in place and a break clause within the contract. The property is producing a total income of £1,380 pcm (£16,560 per annum), inclusive of bills. This represents an annual gross yield of 7.7%, based on the asking price. The property is currently being marketed for rental for the next student year at £19,500 per annum inclusive of bills.
Approx. 69 m2 - 742 ft2 (Measurement taken from the EPC)
We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
Long leasehold – 125 years remaining
The property is rated in Council Tax Band A. Annual Council Tax payable for 2019/20 is £1,045.
A Buyer’s Premium of 1% (min. £900) inc. VAT is payable on top of the purchase price. Please take in to account when offering on a property.
Viewings by appointment only. Please speak with a member of John Pye Property on 0115 970 6060 or email firstname.lastname@example.org to arrange a viewing.