Fully let investment opportunity with returns of upto 22% possible.
An opportunity to purchase a completed and tenanted student room in the popular 'Montgomery Halls' development in central Manchester.
The double bedroom is furnished and has the communal use of a shared kitchen & bathroom facility. The site has central heating and private parking in the extensive grounds.
Monty Halls has over 200 student bedrooms in the quiet residential neighbourhood of Alexandra Park, located close Manchester universities and is an ideal investment producing strong yields based on current occupancy.
This property is let at £360.00 Per 4 weeks. A service change (Approx £1700pa) is payable to include all water, electric and heating etc at the development. Ground rent £250 pa approx.
Length of lease - 150 years from 2011.
Monty Halls - Investor highlights - The student population in Manchester is over 100,000 - New, professional management company in place - Completed and fully operational student development - bmv student accommodation - Prices include Water, Gas, Electricity and Wifi - On-site parking available – most developments have no car parking facilities - 24hr on site management - Spacious shared recreation area
Monty Halls – Features - Mature gardens and leafy surroundings - Extensive gardens - On site laundry facilities - On site gym facilities (additional charge of £10 per term for gym use.) - Bike store
All sites offer the following:
Night Security Secure Fob Entry CCTV
Dedicated management team on site Monday to Friday between 09:00 and 17:00 Customer Service contactable 24 hours a day, 365 days a year Central Locations Free Parking Direct line to taxi service Fitted Kitchen: Hob Oven, Fridge, Freezer, Toaster, Kettle, Microwave On-site Laundry Facilities Communal Relaxation Areas TV point in every room 2 acre communal garden Vending machines
Amenities - approx distance Tesco's - 0.8miles Shell Garage - 500ft Subway - 0.7 miles Asda - 1.5 miles Campuses Manchester Metropolitan Hollings Campus - 2 miles Manchester Metropolitan All Saints Campus - 1.9 miles University of Manchester Fallowfield Campus - 1.8 miles University of Manchester Oxford Road Campus - 2 miles Excel College - 2.6 miles Berlitz College - 2.5 miles The International Society - 1.8 miles Manchester Academy Of English - 1.3 miles ef International Language Schools - 1.4 miles Italian Language Solutions - 0.6 miles We have a number of investment units available in this development so please call our sales team to discuss your requirements.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.