121A The Annex, Montgomery House, Demesne Road, Manchester, M16 8PH

  • Unconditional Online Auction Sale
  • Guide Price* : £5,000

PRIME INVESTMENT OPPORTUNITY GENERATING £6,000 PER ANNUM - Serviced accommodation within a very well-maintained and professionally managed building.

Description

121a The Annex

Studio, ‘pod’-style accommodation comprising a bedroom, sitting area and washing facilities. Shared amenities include a gym, laundry and communal kitchen.

Located in a prime rental area with exceptionally high tenant demand, the property sits just 2 miles from Manchester City Centre and a little over 1 mile from the University of Manchester main campus and the Manchester University Metro Campus. It is positioned within the grounds of Montgomery House and is close to local shops and the amenities of central Manchester. Alexandra Park is also within easy reach.

Transport connections are excellent, with nearby Manchester Oxford Road and Deansgate rail stations. With eight university and college campuses within a two-mile radius, Montgomery House is ideally situated for students, though it is not exclusively student accommodation.

Manchester is the largest and most populous city in the North West of England, with a city population exceeding 500,000 and more than 2 million in the Greater Manchester area. The city benefits from outstanding transport infrastructure, including the largest airport in the North of England.

STRICTLY NO VIEWINGS DUE TO STUDENTS RESIDENCE

Let at £6,600 per annum

130 years on lease
Service charge £3400 per annum
Ground rent £200 per annum

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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