BIDDING OPENS in...

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 £475 PER MONTH (£5,700 per annum). PRIME ADDITION TO ANY INVESTMENT PORTFOLIO

Studio 'pod' style accommodation with bedroom, sitting room and washing facilities. Shared faculties include access to fitness gym, laundry and communal kitchen areas.

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.

Montgomery House Serviced accommodation within extremely well-maintained and professionally managed building. RENTAL AGREEMENT £475 PER MONTH (£5,700 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.

Montgomery House, located on Demesne Road in Manchester's Whalley Range area, is a residential complex with a rich history and diverse living spaces. Well-connected by bus routes, and close to Manchester Oxford Road & Deansgate stations. 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.

Full Address:  Montgomery House, Demesne Road, Manchester, M16 8PH

Show More

Map & Location

Map   Street View   Satellite

Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length:
Rent: £5,700 per year / £475 per month
Yield: 36% (approx)
Tenant: Private Individual
Notes: RENTAL £475 PER MONTH (£5,700 per annum).

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £16,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

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.

Submit Offer Now

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.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Auction Details

Date & Time: 01 May 2025, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue