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1 bedroom flat for sale
John Street, Stockport, SK1
£90,000
John Street, Stockport, SK1
£90,000
Our Summary
- Being sold via modern method of auction, a well presented and spacious one bedroom aparment in the popular Archer House development, conveniently located in central Stockport within close proximity to local transport links and amenities
- Making for a great investment opportunity with an 8% Gross Yield
- Service Charge - £1600 per annumGround Rent - £419 per annumLeasehold - 216 years remaining --------------------------------------------------This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
- Being sold by Modern Method of Auction
- Investment Opportunity
Description
This spacious one-bedroom apartment is located in the popular Archer House development in central Stockport, close to local transport links and amenities. The property is currently tenanted on a periodic basis, generating a rental income of £700 per month, making it a great investment opportunity with an 8% Gross Yield. The apartment features a large open-plan lounge with integrated kitchen, a double bedroom, three-piece bathroom suite, and ample storage space. With 216 years remaining on the lease, the property is a great option for those looking to invest in the area. The buyer and seller will complete the purchase within 56 days of the auction, making it a fast and efficient process.