Attention Landlord Investors!!

A fantastic opportunity to add to an existing portfolio or start with an already tenanted investment producing an income of £695pcm/£8340pa which equates a gross yield of over 16% when based on the guide price. This upper floor apartment comprises: reception/inner hall, generous open aspect lounge/kitchen, two bedrooms and bathroom/w.c . Externally there is a residents car park. Conveniently located just off Manchester Road, Biwater House offers easy access to the M62 motorway. The flat is within close proximity to shops, amenities, and transport links, ensuring a convenient lifestyle for residents. Lease Length -125 years from January 2016 Ground Rent - £350pa up to end of 2025 then £700pa til end 2030, then goes up by RPI every 5 years starting 2031 Service Charge - £2,112.16pa

Tenure

Leasehold

ACCOMMODATION

Open plan lounge/kitchen Bedroom 1 Bedroom 2 Bathroom

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Rochdale Metropolitan Borough Council - Council Tax Band A

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1500 inc VAT.

Disbursements - Search Fees £300 inc VAT.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.