The Woodlands on Stamford, Stamford Street East, Ashton-under-lyne, OL6 2 Bedroom Apartment Flat/apartment For Sale

£500,000

  • 2 Bedrooms
  • 1 Bathroom
1 / 3
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Monthly repayments £0
Total cost of mortgage £0
LTV 85%
  • Four 2 Bedroom Apartments With Rental Agreements In Place
  • Popular Gated Development
  • Approx 690 Sq Ft of Accommodation Each
  • Lift Access
  • Allocated Parking
  • Investment Oppertunity
  • Apartments Let on Assured Shothold Tenancies

Property Description

INVESTMENT OPPORTUNITY.   We are pleased to offer for sale these four 2 bedroom apartments, situated in this popular gated development on a private road.

The apartments have 690 square feet of accommodation comprising of through lounge with fitted kitchen, 2 double bedrooms and bathroom/wc. 

There are lifts to each floor, with an individual parking space in secure parking area, landscaped surroundings. visitor parking spaces and communal refuse store. 

There is a service charge of £66 per months and an annual ground rent of £140 for each apartment which is paid for by the landlord. The tenants are responsible for council tax and all service charges.

The apartments have been let on assured shorthold tenancies to the existing tenants for a number of years and the current net annual income after deducting the service charge and ground rent is £24,112. Rent increases are currently under negotiation to increase the net income to £25,120.

Viewings are strictly by appointment with Ian Tonge Property Services, 150 Buxton Road, High Lane, Stockport, SK6 8EA. Telephone 01663 762677.

Contact the agent

Property Reference: HIL-FD310UX5WX

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Fee Information

The advertised rental figure does not include fees.