£180,000
Collier Street
- 0 beds
£180,000
- 0 beds
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Investment Opportunity: Flat 39, 7 Collier Street, Manchester M3 4NA
Asking Price: £180,000
Rental Income: £1,250 PCM (£15,000 per annum)
Property Overview
An exceptional 2-bedroom, 2-bathroom apartment located on the 2nd floor of a modern development in the heart of Manchester. Ideal for investors seeking a high-demand rental property with solid, predictable returns.
This well-appointed flat features:
- 2 spacious bedrooms
- 2 bathrooms (including 1 ensuite)
- Open-plan kitchen/living area
- Modern fixtures and fittings throughout
- Secure entry and lift access
Investment Highlights
Gross Yield: 8.33%
Net Yield: 6.07%
Taking into account annual costs:
- Ground Rent: £150
- Service Charges: £2,740 (£685 per quarter)
- Total Annual Costs: £2,890
- Net Income: £12,110
- Net Yield: 6.07%
Lease Details
- Tenure: Leasehold (approx. 132 years remaining)
- Ground Rent: £150 per annum
- Service Charge: £685 per quarter
Location Benefits
Situated in the vibrant Manchester M3 area, 7 Collier Street benefits from:
- Proximity to Spinningfields and Deansgate
- Excellent transport links, including nearby tram and rail stations
- High rental demand from professionals and young families
- Close to universities, business districts, and cultural hotspots
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