April 19, 2018
affordable investment opportunity
Julian Wadden have for sale a one bedroom studio apartment in the extremely desirable Victoria Mill. The property situated on the first floor comes with contracted tenants until October 2018.
The property is available exclusively to investors with a guide price of £90,000. The ground rent is £180 per year for this apartment & the service charge £50 per month which are both paid for until the end of 2018!
A parking space inside the gated car park has also been purchased which will be included with the property which holds a big advantage over other apartments within the Mill should you ever have to re let the property.
If purchased for the guide price of £90,000 you would achieve a yield of 7.33% which is a fantastic return! once we enter 2019 and you have to factor in the ground rent & service charge assuming the rent stayed the same you would look to achieve a yield of 6.47% which is still a very impressive return.
If you would like to discuss this buy to let further give me a call on 0161 443 4022 and ill happily talk you through it.