One-bedroom studio flat, ideal for investment

This residential studio flat is located within the well-maintained Montgomery House development in Manchester City Centre. The property features studio-style accommodation with a dedicated bedroom, a sitting room, and washing facilities. Residents benefit from shared amenities including a gym, a laundry room, and a communal kitchen. The building is professionally managed and situated in a prime rental location with high tenant demand, approximately 2 miles from Manchester City Centre. It is also just over 1 mile from the University of Manchester main campus and Manchester Metropolitan University Campus, making it an ideal location for students and young professionals. Royal Northern College of Music Campus is 1.4 miles away. The property is conveniently close to local shops and amenities, with the green spaces of Alexandra Park within easy reach. Transport links include Manchester Oxford Road and Deansgate rail stations. Currently, the property is tenanted under an Assured Shorthold Tenancy agreement, generating a rental income of £430 per month, totaling £5,160 per annum. The lease, signed in September 2021, operates on a six-month rolling arrangement, with rent paid on the 6th of each month and a £200 security deposit held. The property holds a 150-year leasehold, with 144 years remaining. Manchester is a significant city in the North West of England, offering outstanding transport links including a major airport. Cultural attractions like Castlefield Bowl, hosting festivals and music, are 0.5 miles away. Sports and entertainment venues, such as Old Trafford (2.4 miles) and the Etihad Stadium (2.6 miles), are also easily accessible. This studio flat represents an excellent low-cost addition to any investment portfolio, offering a good rental return in a highly desirable and professionally managed building.