Ground-floor apartment with tenant and allocated parking, strong 7.2% yield.
Tenant in situ with a 7.2% gross yield quoted
This well-presented ground-floor apartment on St George’s Island is offered as a ready-made buy-to-let with a tenant in situ and a quoted 7.2% yield. The open-plan living area opens onto a generous balcony, and the flat is sold furnished, simplifying immediate management and tenancy handover.
Practical benefits include a secure fob entrance, an allocated off-street parking space, and fast broadband and mobile signal — useful for attracting professional or postgraduate tenants. The canalside position is a short walk to Castlefield Basin and Manchester city centre, making it appealing to commuters and students alike.
Costs and maintenance are straightforward to note: the property sits on an approximately 105-year lease, carries an annual service charge of £2,610.08 and ground rent of £194.48. Heating is by electric room heaters, which can mean higher running costs compared with gas-heated apartments. EWS1 confirmation is available.
Overall, this apartment suits an investor seeking a low-management, furnished city-centre letting with parking and immediate income. Consider planned service charge and electric heating when modelling yields and tenant appeal.
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