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The Bank, King Street, Stretford, M32

Apartment | Sale

Beds:
1
Baths:
1

Details

IDEAL FOR OWNER OCCUPIERS OR BUY TO LET INVESTORS! Currently let on a rolling monthly contract at £820pcm.

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Mr Investa are pleased to present to the market this UNIQUE OPPORTUNITY to purchase a LUXURY ONE BEDROOM DUPLEX APARTMENT in a popular and recently completed development, The Bank. Positioned on the top floors of the development, the apartment benefits from plenty of natural light coming through the windows to the side and ceiling into a spacious open plan living area including a high-specification fitted kitchen with integrated appliances, double bedroom, walk-in wardrobe which could also be used as an office or a temporary second bedroom.

The Bank is one of the few original historic buildings remaining in Stretford Town Centre and has been sympathetically refurbished into 13 tastefully designed 1 and 2 bedroom apartments over 3 levels. It has proved to be very popular on the rental market since completion due to it's exclusivity, specification and desirable location as there is easy access to public transport links to commute in and out of Manchester City Centre, including the Metrolink Service.

The development will benefit significantly from the multi-million pound regeneration project which is taking place in Streford to make substantial improvements to Stretford Mall and the town centre to create new shops, a public square and a new park with valuable open green spaces for people to gather and interact. There are also plans for new bars, restaurants and cafes to open along the Bridgewater Canal to create an impressive waterfront destination.

Current Financial Performance: Rental Income: £820pcm / £9,840 per annum (on a rolling contract to allow flexibility) Service Charge: £2,319 per annum Ground Rent: £240 per annum Lettings Fee 10% + VAT: £1,180.80 per annum

NET INCOME: £6,100.20 per annum

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.


Map Details


Realtor

Ryan Hughes

Estate Agent

Contact Ryan

Will Crane

Estate Agent

Contact Will