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Description

  • Status: Available
  • Type: Flat
  • Ownership: Leasehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

Montgomery House Serviced accommodation within extremely well-maintained and professionally managed building. RENTAL AGREEMENT SIGNED APRIL 2022 FOR £495 PER MONTH (£5,940 per annum).

150 year leasehold with 144 years unexpired on property. Studio, 'pod' style accommodation with bedroom, sitting room and washing facilities. Shared faculties include gym, laundry and communal kitchen

PERFECT, LOW COST ADDITION TO ANY INVESTMENT PORTFOLIO with good rental return within extremely high demand location and professionally managed building. Certain to appeal to multiple investors.

PRIME RENTAL LOCATION WITH MASSIVE TENANT DEMAND. Only 2 miles from Manchester City Centre and just over 1 mile from University of Manchester main Campus and Manchester University Metro Campus.

Eight university and college campuses within a two-mile radius AND excellent transport links, Montgomery House is in an ideal location for students. However, it not exclusively student accommodation.

Leasehold Property - 150 year leasehold property with 144 years unexpired. Serviced accommodation within extremely well-maintained and professionally managed building. Currently tenanted for £495 per month. Tenancy signed by tenant on 02/02/2025 till 02/08/2025 on a rolling contract agreement. Studio Room Number 309. Pod Style accommodation with bedroom, sitting room and washing facilities. Shared faculties include access to fitness gym, laundry and communal kitchen areas. PRIME ADDITION TO ANY INVESTMENT PORTFOLIO with immediate rental return. High demand location in Manchester. Professionally Managed Building. LOCATION: Only 2 miles from Manchester City Centre and just over a mile from University of Manchester main Campus and Manchester University Metro Campus. The property is situated in the grounds of Montgomery House within close proximity to the local shops and amenities of Manchester City Centre. The open spaces of Alexandra Park are within easy reach. Transport links are provided by Manchester Oxford Road and Deans Gate rail stations. With eight university and college campuses within a two-mile radius and excellent transport links, Montgomery House is in an ideal location for students. However, it not exclusively student accommodation. All commission outlays, and conveyancing costs be be paid by the purchaser upon completion.

Manchester is the largest and most populous City in the North west of England with the UK's fifth largest population over 500,000 with over 2 million people in the Greater Manchester area. Manchester offers outstanding transport links, including the largest Airport in the North of England. All commission outlays, and conveyancing costs be be paid by the purchaser upon completion.

Full Address: 309 Montgomery House, Demense Road, Manchester, M16 8PH

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length: Rolling
Rent: £5,940 per year / £495 per month
Yield: 31% (approx)
Tenant: Private Individual
Notes: Currently tenanted for £495 per month - £5,940 per annum. Tenancy signed by tenant on 02/02/2025 till 02/08/2025 on a rolling contract agreement.

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Pricing Information & Bidding

Opening Bid: £19,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 20 March 2025, 10am-3pm
Type: Timed Online Auction

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