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SOLD STC

Chapel Street, Manchester, Greater Manchester, M3

Key features

  • Earn £3,636.85 NET rental per annum
  • Tenanted property - 48 week tenancy at £138 per week
  • Fully managed, hands free investment
  • Leading student management company in place
  • Tenancy agreement in place until August 2023

Description

*CASH PURCHASE ONLY*

Pure Investor are pleased to offer for sale a selection of en-suite student apartments in X1 Chapel Street. Chapel Street area of Manchester has fantastic links to the University of Salford, Manchester Metropolitan University and The University of Manchester. Deansgate can also be walked to within 7 minutes.

Investment Highlights
- Unit 3.05 - £60,000
- 3rd floor studio unit
- £3,636.85 NET rental per annum
- Full tenanted until August 2023 at £138.00 per week
- Hands free, fully managed student property in place
- Leading student property management company in place
- Just minutes walk from University of Salford campus
- 10 minutes walk to Manchester city centre

The en-suites comes fully furnished to a very high standard, and also has great views across the City. There is an onsite site gym, laundry, secure bike storage and 24 hour security.

X1 Chapel Street provides superb student accommodation whilst situated at the heart of the city's historic quarter and adjacent to the main university campuses. This exceptional development includes 90 double, en-suite flats and 3 double studio flats.

X1 Chapel Street - Location
X1 Chapel Street will also offer residents easy access to Manchester city centre and the superb new development at MediaCity, Salford (northern headquarters of the BBC and ITV as well as numerous other international media companies). MediaCityUK has recently enjoyed the prestige attached to its reputation as the biggest purpose-built media hub in Europe, and has boosted tourism in the area as a result.

The University of Salford enjoys global renown for both the quality of the education provided and the research undertaken by its staff. The University is particularly well known for its work in engineering and advanced technology. Media and communication are also strong areas, with both going from strength to strength as a result of the University's brand-new media campus in the heart of MediaCityUK.

Payment process
1. Complete a reservation from to secure the unit
2. Pay a £2,000 non-refundable reservation fee
3. Solicitors instructed
4. Balance due on completion (less reservation fee paid)

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

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ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

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LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

994 years left

Energy performance certificate - not provided

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Chapel Street, Manchester, Greater Manchester, M3

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Salford Central Station0.3 miles
  • Salford Crescent Station0.6 miles
  • Manchester Deansgate-Castlefield Tram Stop0.7 miles
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About the agent

Pure, Manchester

125 Deansgate, Manchester, M3 2LH

Pure, Manchester

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

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Disclaimer - Property reference 305aCHAPELSTREET. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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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