Investors only, tenanted at £850pcm. Excellent yielding buy to let investment, 6.8% gross yield
Savills are delighted to present this excellent buy to let opportunity in the popular Eastbank Tower development.
This apartment could represent an ideal turn key investment for the discerning investor, with a 6.8% gross yield available at the current rental price of £850pcm.
The property briefly comprises of an entrance hallway which leads through to a spacious open plan living and kitchen area. Further, there is a modern primary bathroom and well-sized double bedroom. The development benefits from an on-site gym available for resident use only.
Eastbank has been a popular development since its build, positioned along Great Ancoats street the development boasts easy access to everything Ancoats, Nothern Quarter and New Islington have to offer.
Current rental pa: £10,200
Service charge pa: £1,800
Ground rent pa: £250 (increases by doubling every 10 year term for the first 30 years', before then moving to in line with RPI)
Lease years remaining: Circa 243
View payable Stamp Duty for this property
The location is excellent and at a reasonable price point. Being so close to everything Ancoats, New Islington and Northern Quarter have on offer is sure to appeal to a wide array of young professionals.Ryan GriffinProperty agent