Signal Drive, Manchester M40 2 bed apartment for sale

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Signal Drive, Manchester M40 2 bed apartment for sale

Signal Drive, Manchester M40
£120,000

Our Summary

  • *INVESTMENT OPPORTUNITY *Positioned on the SECOND FLOOR is this bright and spacious, well presented apartment, RENTAL INCOME OF £825PCM, representing a 8

Description

This bright and spacious two-bedroom apartment on the second floor of a modern development in Monsall, Manchester, is an investment opportunity that generates a rental income of £825 per calendar month, representing an attractive 8.2% gross yield. The 582 sq ft apartment features an open-plan living, dining, and kitchen area, two well-proportioned double bedrooms, and a modern bathroom. With a leasehold of 120 years remaining, the property also benefits from a service charge of £1,100 per annum and ground rent of £107 per annum. The apartment is currently let on a periodic tenancy and is available to purchase with no agency fee. Located approximately three miles from Manchester city centre, the property has excellent transport links, including a main bus route and Metrolink, making it an attractive investment opportunity for those looking to generate a steady income.