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Renolds House, Everard Street, M5 4UB

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

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Key features

  • Excellent opportunity for investment
  • Generate immediate income
  • 6% NET return with good scope to increase
  • Two bedrooms
  • Main bathroom plus ensuite
  • Secure and gated development
  • Lift access
  • Allocated parking space
  • Fantastic location
  • Don't miss out and enquire today to find out more

Description

yieldit are pleased to present to the market a superb investment opportunity located within the desirable development of Renolds House at Lamba Court, just a short 10-minute walk from Manchester’s thriving and cosmopolitan city centre. The development is surrounded by convenient amenities such as those which can be found at Regent Retail park which has a Sainsburys, Costa, JD gym and various popular shops and amenities. The inner city oasis of Castlefield, with it's idyllic Canal network and many restaurants and bars is also close by.

This fantastic apartment sits on the 3rd floor and comprises of entrance hallway; open plan living area; fully-fitted kitchen; two good-sized double bedrooms; main bathroom and ensuite the master. The development is gated and benefits from secure intercom entry with lift access and the property includes an allocated parking space.

This development puts residents within easy reach of the city centre, MediaCityUK and everything that Manchester has to offer, making this the perfect location for the droves of young professionals wanting to live and work in the city. This development has excellent transport links with bus, tram and train stops all within walking distance and motorway access just a short drive away. Manchester is renowned for its range of entertainment, rich history and culture with an abundance of cinemas, live music venues, comedy clubs, theatres and museums - it's easy to see why Manchester is one of the fastest growing cities in Europe and the perfect candidate for property investment.

Financial Breakdown

Gross Rent: £12,000.00
Net income: £10,193.82
Gross yield: 7.27%
Net yield: 6.18%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07886
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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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Renolds House, Everard Street, M5 4UB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cornbrook Tram Stop0.3 miles
  • Salford Quays Tram Stop0.7 miles
  • Deansgate Station0.7 miles
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About yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartments in some of the UK's best rental markets. Whatever your requirements, yieldit has the perfect investment (or buyer) for you!

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Disclaimer - Property reference YL-07886. 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 yieldit, 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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