1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (241 years remaining)
- Tenanted until October 2024
- EWS1 Form available
- Significant rental demand
- Popular location close to Ancoats
- Second floor
- Popular investment option
- On site gym
- EPC Rating = B
Description
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 low entry price point and significant rental demand for the development. The apartment is currently tenanted at £900pcm with a gross yield of 7.71%.
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.
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
Location
Eastbank Tower sits in a fantastic location with ease of access to all Manchester has to offer.
New Islington tram stop is located close by for travel in and around the city (0.4m), whilst Piccadilly station offers excellent rail connectivity across the UK (0.5m).
Grocery shopping for essentials is provided easily thanks to the nearby Ancoats General Store (0.6m) and the Aldi superstore (0.4m).
General shopping, restaurants and bars are in abundance thanks to the Ancoats location, and close proximity to Northern Quarter. Mana (Michelin Star restaurant - 0.7m), Rudy's Neapolitan Pizza (0.6m), Canto (0.6m), The Crown & Kettle (0.7m) are situated close by to name a few!
For sport and entertainment. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 3.5m and 1.0m away respectively.
For cultural activities, locally residents are only 0.6m from Ancoats Pop Up Markets which often hosts an array of food music, crafts and activities.
Please note all distances quoted are approximate.
Square Footage: 406 sq ft
Leasehold with approximately 241 years remaining.
Places of interest
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Property reference MNS220129. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills - Manchester Bridge Street.
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Broadband availability and predicted speed: obtained from Ofcom on February 11, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 11, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area: obtained on September 6, 2016 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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