Available
Manchester – Portfolio of 4 Apartments
City Gate, 5 Blantyre Street, Manchester M15 4JJLeasehold 4 Apartments Residential Portfolio Investment
Price
£780,000
Rent P.A.
£43,320
Yield
5.55%
Tenure
Leasehold
Area
2,217 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Flats under rented. ERV: £50,000 p.a. GIY: 6.41%
- Comprises portfolio of 4 apartments (3 x 2-Bed and 1 x 1-Bed) within a purpose build residential complex
- All apartments held on a 150-year leases from 22nd Dec 2000, thus having 124 years unexpired
- Situated within 9 min walk from Deansgate Train Station with occupiers nearby including Restaurants, Pubs, Pharmacy, Convenience Store and many more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Apartment 239:
Comprises 1-bedroom first floor apartment, providing the following accommodation and dimensions:
GIA: 46 sq m (495 sq ft)
Kitchen/Living Room, Bedroom, Bathroom,
EPC Rating - C
Apartment 291:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 56 sq m (603 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom, Balcony
EPC Rating - D
Apartment 307:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 47 sq m (506 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom,
EPC Rating - C
Apartment 309:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 57 sq m (613 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom,
EPC Rating - D
Comprises 1-bedroom first floor apartment, providing the following accommodation and dimensions:
GIA: 46 sq m (495 sq ft)
Kitchen/Living Room, Bedroom, Bathroom,
EPC Rating - C
Apartment 291:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 56 sq m (603 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom, Balcony
EPC Rating - D
Apartment 307:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 47 sq m (506 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom,
EPC Rating - C
Apartment 309:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 57 sq m (613 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom,
EPC Rating - D
Tenancy Description
Flat 239 is at present let on Periodic Tenancy to an Individual since 2006 at a current rent of £9,600 p.a.
flat 291 is at present let on Periodic Tenancy to an Individual at a current rent of £11,520 p.a. Deposit held of £1,107.69.
Flat 307 is at present let on Periodic Tenancy to an Individual at a current rent of £11,400 p.a. Deposit held of £1,096.15.
Flat 309 is at present let on Periodic Tenancy to an Individual at a current rent of £10,800 p.a. Deposit held of £1,038.46.
flat 291 is at present let on Periodic Tenancy to an Individual at a current rent of £11,520 p.a. Deposit held of £1,107.69.
Flat 307 is at present let on Periodic Tenancy to an Individual at a current rent of £11,400 p.a. Deposit held of £1,096.15.
Flat 309 is at present let on Periodic Tenancy to an Individual at a current rent of £10,800 p.a. Deposit held of £1,038.46.
Tenancies & Accommodation
Location Description
Hulme is an inner-city area and electoral ward of Manchester, England, immediately south of Manchester city centre beyond the River Medlock. The property is situated within 9 min walk from Deansgate Train Station with occupiers nearby including Restaurants, Pubs, Pharmacy, Convenience Store and many more.
