Investors, you need to stop and check this one out, situated in one of Manchester's hottest postcodes for first time buyers and investors you are getting the chance to purchase a property with potential yield of 7.5%.

The property is currently let at £695 PCM however the letting agent has informed that the current rental potential is currently £1000 PCM which will provide those strong yields of approx. 7.5%. It is believed the property can be bought with vacant possession or with the tenants in place who wish to stay at the property.

Bankwell Street is a tree lined road close to the city centre. The property is situated on the ground floor of the modern development in Hulme which provides easy access into town and around Manchester. The development has always been a popular one for a range of buyers and renters so expect void periods to be low.

Internally the property comprises two double bedrooms with an en-suite off the master, a generous living room open to the kitchen and a family bathroom. There is also a parking space in the secure car park which is part of the sale.  

Quote GY0737 when requesting a viewing and be aware viewings will be hosted around the tenants.

FAQs

Reason for Selling: Sold with no chain as vendor looks to reduce portfolio 
Tenure:  Leasehold - 150 years from 1 January 2004 - Service charge approx £167 PCM - Ground rent - £250 PA
Council Tax Band:  B

Note for buyers

Remember to follow on Facebook, Instagram and TikTok on @gysellshomes for all the latest property launches, hint, tips, local insight and general estate agent nonsense.

Prior to any sale being formally agreed any prospective purchaser will be required to provide evidence of funds as well as complete a third party anti-money laundering check to comply with all regulations. These checks at time of writing are £30 per anti money laundering check completed for each prospective purchaser.

While great care has been taken to produce this advertisement, it is the buyer’s responsibility to verify all information is correct and that all services and goods are in working order. These details were produced in conjunction with the vendor to ensure accuracy however this is not a guarantee and does not form the part of any contract going forward. Any measures taken are purely for display purposes and can be classed as approximates, the buyer should verify these measurements independently.