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Property ID: 208505660
Monthly Income
£1,100
Current Yield
6.3%
Tenancy status
Tenanted
CapitalAppreciation
+4.5%
Exclusive Investment Grade Opportunity

Our latest listing is a 1 bedroom flat located in Manchester. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.


AXIS is Manchester’s new icon, the perfect waterside home in the heart of the city. With panoramic views over Manchester and beyond, and bespoke features throughout – not to mention the highest standard of fixtures and fittings – each apartment is stunning. Open-plan layouts, floor-to-ceiling windows and a hotel-style front of house service make the perfect home.


In addition to being Manchester’s most in-demand building, AXIS is the most complex residential development in Manchester. Standing on a small 761 sqm wedge-shaped site on the bank of the Rochdale Canal, AXIS cantilevers outwards as it rises to escape its bounds and become truly extraordinary. The result is a building that overshadows its peers through sheer ingenuity and character


Key features

Stunning, uninterrupted views over Manchester and beyond

24/7 hotel-style front of house service

Beautiful architecture

Unrivalled transport links, with tram, train and buses on the doorstep

Short walk from Castlefield, First Street, Piccadilly and Spinningfields

Open-plan living areas and floor-to-ceiling windows

High specification fixtures and fittings

Prime canalside city centre location


Location

Living at AXIS means that you are right in the heart of Manchester, minutes from Spinningfields, Castlefield, Piccadilly, the Arndale centre and all of the shops, bars and restaurants that you could ever need.


Nestled against the tram and train station at Deansgate-Castlefield, as well as several useful bus routes, AXIS is also minutes from the M62 and a short journey from Manchester Airport. Wherever you need to be, AXIS is ideally placed to make sure you can get there fast


1-bed, 1-bath

Beautiful double-aspect views of Manchester

City centre location

Hotel-style front of house service


Investment Details


It currently produces an annual gross income of £13,200. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below. If you are interested, please call us.



Tenancy Details


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income1100/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£1100 pcm
Current Rental Yield
6.3%
Potential Market Value Rent
£1100 pcm
Potential Rental Yield
6.3%
Estimated Monthly Capital Appreciation
£788
Area Capital Appreciation Rate
+4.5%

Tenancy Checks

Tenancy Agreement

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Proof of Rental Income

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 182 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: C

Interactive street-level view of the property location and surrounding area.

Ground Rent
£21
Factor Fees/Running Costs
£240
Total Estimated Costs
£261
Floor plans
Floor plan not availableNo floor plan image for this property
Floor Plan Documents
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Yearly Net Profit
Current Yearly Rent
£13,200
Annual Capital
Appreciation
£4,200
Yearly Ground Rent
£252
Yearly Factor Fee /
Service Charge
£2,880
Other Yearly Costs
None
Indicated
Annual Net Returns
£14,268