Studio

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Studio

Montgomery House, Demesne Road, Manchester M16
£23,750

Our Summary

  • **superb investment opportunity / opportunity for A potential studio conversion**
  • >>Cash buyers only<<
  • 2 rooms 'units' are available and provide an excellent opportunity for a potential conversion of these into a modern studio to further enhance returns on this investment
  • Studio conversion opportunity

Description

A superb investment opportunity is available in Montgomery House on Demesne Road, featuring a double bedroom "unit" with extras such as a microwave, kettle, mini-fridge, coffee table, and chest of drawers. The property is currently rented out to working professionals at £575 per month, with a potential for a higher rent of £625 per month. The lease has 137 years remaining, and there is a possibility of a discount if two rooms are purchased together. The property requires a reservation deposit of £2,750 and an administration fee of £396 to draw up an exclusive contract. The current annual ground rent is £200, and the service charge is £3,300.