Two-bedroom tenanted investment property

This two-bedroom tenanted investment property is located within a sought-after and prime location in Castlefield, in the heart of Manchester. Castlefield is a historic district offering a unique blend of industrial heritage and modern urban living, with excellent transport links and proximity to the city centre. Residents benefit from being close to local amenities, including popular bars, restaurants, and the canal towpath. The property comprises an entrance hallway measuring 17.45ft x 3.12ft, a living/dining room measuring 11.13ft x 13.21ft, a master bedroom measuring 13.54ft x 8.70ft, a second bedroom, a kitchen measuring 9.87ft x 5.40ft, a bathroom measuring 5.84ft x 6.49ft, a WC, and a balcony measuring 11.13ft x 3.70ft. The apartment is currently let on a periodic tenancy achieving a rental of 1,000 PCM / 12,000 PA, generating an annual gross yield of 6.31% based on the guide price, with potential to achieve market rents of between 1,750 - 2,000 PCM / 21,000 - 24,000 PA, offering an impressive gross yield of 11% to 12.6%. Recent sales in the local area include Apartment 304 at 3 Burton Place, which sold for 236,250, and Apartment 104 at 3 Burton Place, which sold for 251,100, demonstrating strong local demand. This potentially high-yielding investment property represents an exceptional opportunity.