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Property Listing Details

Property details

  • 1 bedroom
  • 1 bathroom

Features

  • Leasehold
  • Guaranteed Rental income for 9 years
  • Minimum 7% rental yield
  • 999 Years Lease
  • Attractive Location

Listing view statistics

Last 30 days: 553 page views

Description

Agent online is pleased to bring to the market this Serviced Studio apartment in a tourist hotspot with guaranteed rental income for the next 9 years.

This is a stress-free, hands-off ‘armchair’ investment. All rent is assured and guaranteed for the next 9 years (Years 2020 to 2028 inclusive)

The Rent will continue to increase from 7% net to 8% net during the next 9 years.

Please note in Year 9 (i.e. 2028) the future owner has several options they may choose from:

1. Sign a new rental agreement with the Present management company Baker Harrington - who will continue to look after the unit and future tenant - paying the future owner ongoing rental income.

2. The future owner may appoint their own management company and choose their own tenant as they see fit, charging rent to the future occupier at the rate they wish to set.

3. Or they can exercise the buy-back option with Trivelles Trafford (in year 2028)

The property comes with a 999 year leasehold .

- Features:

- Reception/Front Desk

- Contemporary Designed Bedrooms

- Laundry Services

- Newspapers

- Wi-Fi In All Rooms

- Wi-fi In Public Areas

- 24 Hours Security

- Bicycle Stand & Free Car Parking

- Tourist Attractions, Minutes Walk To Transport Facilities

- Dining Area

Why Invest In Serviced Apartments?

Serviced apartments are a great alternative to a hotel. Thanks to the space, value & freedom they offer. They offer a great alternative for corporate clients looking to provide cost effective accommodation for a range of different circumstances.

Serviced apartments can offer great flexibility, a more comfortable living environment and deliver efficiency savings typically for the corporate client. Serviced flats can work alongside with usual corporate travel company to provide customers with the right solution for their accommodation needs.

Staying away from home in a hotel for long periods is never particularly comfortable. A serviced apartment is fully furnished with kitchenette, living & work space provided. On average they are larger than a comparable hotel room. They also offer the opportunity to have guests and eat in or out during your stay.

Being Sold by Online Auction

Starting Bids from £70,000

Buy it now option available

goto Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: Speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. Goto also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.

General Information

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be required to exchange contracts immediately after the fall of the virtual hammer, however the buyer will be given 56 days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor, with the aim being to exchange contracts within the first 28 days. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort. The Buyers Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £5,400 including VAT plus an administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Note from the team at Agent Online
We always aim to ensure our properties are displayed accurately with the photos, floorplans and descriptions provided. However these are intended as a guide and purchasers must satisfy themselves by viewing the property in person.

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Floorplan

Map & Nearby

Local Amenities

  • Navigation Road 1.4 miles
  • Altrincham 1.9 miles
  • Heyes Lane Primary School 0.4 miles
  • Sandilands Primary School 0.5 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Navigation Road 1.4 miles
  • Altrincham 1.9 miles
  • Heyes Lane Primary School 0.4 miles
  • Sandilands Primary School 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in M33:

  • £177,078
  • Price increase

  • £2,623
  • (1.504%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £175,280
  • Properties sold

    59

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in M33 is currently:

£602 pcm

Recent sales nearby

See all recent sales in M33
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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How much could I borrow?

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Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by Bankrate and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided, your lenders criteria and your personal circumstances. The interest rate has also been assumed to stay the same for the selected mortgage term.

The Agent

Price history

Sold prices provided by Land Registry
8th Jan 2021 £36,000 Price reduced by £26,000
7th Dec 2020 £62,000 Price reduced by £8,000
6th Aug 2020 £70,000 Price reduced by £3,000
13th Feb 2020 £73,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Agent Online Services. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Agent Online Services for full details and further information.