Apartment 1, Premier Point, Manchester, M3 4NJ

Premier Point | Manchester City Centre BTL Investment | 6.1% Net Yield Apartment 1, 20 Southern Street, Manchester, M3 4NJ Guide Price: £159,000 An excellent opportunity to acquire a well-presented one-bedroom ground floor apartment in central Manchester, just a short walk from Deansgate, offering investors an attractive entry point into one of the UK's most established property markets.

The 44.7 sqm apartment is currently available to let at £1,050 per calendar month, representing a projected 6.1% net yield when operated as a traditional Assured Shorthold Tenancy (AST).

With excellent transport links, major employment hubs, restaurants, bars and Manchester's city-centre amenities all within easy reach, Premier Point offers a compelling combination of rental demand, location and affordability.

Investment Highlights: - £159,000 purchase price - £1,050 pcm rental potential - Approximately 6.1% net yield - 44.7 sqm one-bedroom apartment - Ground floor - 125-year lease from 1 January 2006 - 107 years remaining - £250 annual ground rent - £1,340 annual service charge - £585 annual letting fee - White goods included - Council Tax Band C - No parking space - Traditional AST rental strategy - The Apartment Apartment 1 is a spacious 44.7 sqm one-bedroom apartment positioned on the ground floor of Premier Point.

The property features an open-plan kitchen and living area, providing a practical contemporary living space, together with a separate bedroom and main bathroom.

The kitchen is fitted with a fridge/freezer, fan-assisted oven and extraction fan, while a dedicated utility cupboard houses the washing machine and boiler.

The apartment also benefits from a main bathroom with bath/shower, WC, sink, towel rail and vanity mirror, while the bedroom is carpeted and benefits from a large window.

Strong Rental Opportunity: The apartment is currently being marketed at £1,050 pcm, providing investors with a gross annual rental income of £12,600.

The sales documentation indicates a 6.1% net yield on an AST strategy, making this an attractive option for investors looking for reliable long-term rental income from a city-centre property.

The apartment has also previously been operated on a mixture of AST and short-term lets.

However, purchasers should note that the lease does not permit short-term lets, so the investment should be considered on the basis of a traditional AST strategy.

Prime Manchester Location: Premier Point is exceptionally well positioned for access to Manchester city centre and some of the city's key employment, leisure and transport destinations.

- 2-minute walk to the Hilton Hotel on Deansgate - 3-minute walk to Deansgate Train Station - 15-minute walk to Manchester Piccadilly - 8-minute drive to Old Trafford - Easy access to Manchester city-centre amenities The property's proximity to Deansgate and the wider city centre makes it particularly well suited to professionals seeking convenient city living.

A Low-Entry Manchester Investment: At £159,000, this represents an accessible opportunity to acquire a residential investment property in central Manchester without the price tag associated with many newer city-centre developments.

The combination of a relatively affordable purchase price, strong rental demand and established city-centre location makes Premier Point an appealing option for both existing landlords looking to expand their portfolio and investors seeking their first Manchester property.

Property Details: - Property: Apartment 1, Premier Point - Address: 20 Southern Street, Manchester, M3 4NJ - Type: One-bedroom apartment - Floor: Ground floor - Size: 44.7 sqm - Tenure: Leasehold - Lease: 125 years from 1 January 2006 - Remaining lease: Approximately 107 years - Price: £159,000 - Rental: £1,050 pcm - Net yield: Approximately 6.1% - Ground rent: £250 per annum - Service charge: £1,340 per annum - Council Tax: Band C - Parking: No allocated parking space - White goods: Included Enquire Today With its central Manchester location, attractive rental potential and accessible purchase price, Apartment 1 at Premier Point represents a strong opportunity for investors seeking a straightforward AST buy-to-let investment in Manchester.

Contact Residential Estates today for further information or to arrange a viewing.

Council Tax Band: c (Manchester City Council) Tenure: Leasehold (125 years) Ground Rent: £250 per year Service Charge: £1,340 per year