Edward Mellor are calling all investors!!!!!!! They are currently advertising this property (click here).
The Vendor is selling this development containing 4 Flats all occupied with Tenants insitu.
A Breakdown below show the rents each flat is achieving:-
Flat 1 – £700 pcm
Flat 2 – £625 pcm
Flat 3 – £575 pcm
Flat 4 – £725 pcm
Approximate monthly Income of £2,625.pcm will give Landlords a Yield of 5.7%.
Location of the development is ideal as its moments away from the A6 and also walking distance to Levenshulme train Station. These benefits will attract working professional tenants.
Call the agent to book a viewing and let me know if you wish to discuss this further.