The Lettings Club

4th Floor,
9 - 11 Sunbridge Road,
Bradford
West Yorkshire
BD1 2AZ

Memorial Road, Worsley, Manchester

Offers in the region of £650,000 Sold (STC)

7 Bedroom Block of Flats

TENANTED INVESTMENT PROPERTY
Seven self contained studio apartments
Two communal kitchens
Freehold (Unconfirmed)
Modern specification
Sold furnished
Hands off investment with experienced management company
Short commute into Manchester City Centre
7.8% NET yield
Invest today

ATTENTION INVESTORS - PURCHASE THIS READY MADE INVESTMENT PROPERTY!

Offered to the market as a ready-made investment, this beautifully converted HMO property presents a fantastic opportunity to acquire a up and running HMO investment. The property is well located within a short commute to a variety of locations throughout Manchester. The property consists of 7 X self contained studio apartments of varying sizes as well as 2 X communal kitchens and utilities. The property is licensed via Salford council.

This style of investment is high in demand in the and provides a great opportunity for an established investor to expand their portfolio.

A look inside the property:

The property briefly comprises: To the ground floor; 3 X self contained studio apartments, 1 X communal kitchen with washer / dryer facilities.
To the first floor; 3 X mezzanine split level apartments and 1 X single level studio apartment and 1 X communal kitchen with access to further washing and drying facilities.

Externally there is a locked bin store which is shared with a neighbouring property.

Location

Location:

Memorial Road is located in Walkden, Greater Manchester and just a stones throw from the proposed £15 million redevelopment of walkden town centre recently announced by Salford Council. The town benefits from being a short commute from the thriving Manchester City Centre, whilst also offering investors significantly improved returns on their investment. It's a great time to be looking to invest in this town as prices and rents are likely to increase over the coming years as Manchester booming property market continues to develop.

As the site is just 5 minutes walk from Walkden train station, residents will benefit from direct rail links to Manchester Victoria (18 minutes) as well as Wigan (23 minutes) and various other locations. Tenants also benefit from a well linked bus stop on the doorstep of the building and all the local amenities Walkden has to offer.

Points of interest:

- Walkden train station: 5 minutes walk
- Walkden town centre: 3 minutes walk
- MediaCityUK: 21 minutes drive
- Trafford centre: 14 minutes drive
- Manchester Victoria station: 18 minutes train

Financial Breakdown

Occupancy: Tenanted
Tenure: Freehold (Please confirm with your solicitor)
Gross rent: £66,300
Gross yield: 10.2%

Wifi: £720PA
Utilities: Approx. £4200PA
Council tax: Approx. £2841
Lettings management: £6930PA
Water: £1200PA
Buildings insurance: £700

NET income: Approx. £50,429PA
NET yield: Approx. 7.8%

**Please note these figures are provided as a guide only based on the figures the current owner has provided us. These should be used as a guide only and we encourage any interested party to conduct independent research prior to committing to an offer. Please contact our office should you wish to discuss**

Energy Efficiency and Environmental Impact

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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