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12 Carmel Court, Holland Road, Manchester, M8 4NP

A One Bedroom Investment Opportunity Within Easy Reach Of Manchester City Centre
Location: 12 Carmel Court Holland Road, Manchester, M8 4NP
Property type: Flat, Residential
Tenure type: For Sale Leasehold
Tenancy type: Investment

Available subject to auction terms and conditions
Ideal Investment Opportunity
One Bedroom Ground Floor Apartment
Tenanted Until August 2019
Current Rental Value £495PCM (£5,940 pa)
Estimated Rental Value: £595PCM (£7,140)
Approx. 31 Sq. M (333 Sq. Ft)
In an area of high rental demand
Buyer’s premium applicable

The apartment accessed via a communal hallway shared with other residents. The property comprises an entrance hall with storage giving access to a large lounge space. There is a double bedroom , a bathroom and a good sized kitchen with a range of high and low storage space.

Externally there is some off street parking which is available on a first come first serve basis. Additionally, there is on street parking available nearby.

The property is predominantly located on Holland Road between the junctions with Highclere Road to the north and Ardern Road to the south in the suburban area of Blackley, Greater Manchester.

Manchester city centre is 4 miles south of the property and is easily accessible via a variety of regular transport options. Well placed for commuters Blackley enjoys direct access to junctions 18 & 19 of the M60 (Manchester’s outer ring road), Junction 18 of the M62 Motorway and junction 4 of the M66 Motorway.

The delightful Heaton Park is within walking distance to the property and there are many amenities and schooling options within the area.

Total – 31 Sq. M (333 Sq. Ft)

Approximate measurement taken from the EPC.

Investment Analysis
This apartment is currently tenanted with a monthly rent of £495PCM with the tenant staying in situ until August 2019. Other apartments in the block of a similar design and space are achieving £595PCM.

We understand the property to have mains electricity, water and drainage.

Leasehold - 250 years remaining from 2015.
Ground rent: Apprx £250PA
Service charge: £2,288.11 (01/01/19 - 31/12/19)

Guide Price

Buyers Premium
Buyers premium of 2% (min £3,600) Inc. VAT.

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