•Fully renovated in 2016
•Three bedrooms and two shower rooms
•Popular student let with an excellent rental history
•New plumbing and re-wire when renovated
•Currently rented at £14,630 per annum – tenant pays bills
•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 lower ground floor within this semi-detached converted period property.
Accommodation briefly comprises; lounge with two bay windows on to the hallway, leading on to the single bedroom with a large double-glazed window and two additional double bedrooms. One of the double bedrooms benefits from an en-suite shower room fitted with a three-piece suite.
The hallway also provides access to the kitchen, fitted with base and eye level units with laminate worktops, integrated gas hob and oven with extractor fan overhead and stainless-steel sink.
The shower room is also accessed off the hallway and is fitted with three-piece suite comprising toilet, wash hand basin and tiled shower.
All furniture will be included within the sale including beds, kitchen utensils, wardrobes, all kitchen appliances and washing machine.
Externally, the property benefits from a communal garden and limited off road parking to the rear for one small vehicle.
Approx. 95 m2 – 1,022 sq. ft. (Measurement taken from the EPC).
We understand the property to have mains electricity, gas, water and drainage. However, interested parties should conduct their own investigations.
Long leasehold – 125 years remaining
This property is currently let on a single AST agreement with Guarantors in place and a break clause within the contract. The property is achieving an income of £14,630 per year, representing a gross yield of 6.8% on the asking price. Please note that the tenants are also responsible for their own bills. The property is currently being marketed for rental for the next student year at £17,904 per annum inclusive of bills.
The property is rated in council tax band A. The current rate payable 2019 / 2020 is £1,045 pa.
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.