The Woodlands, Stamford Road East, Ashton-under-Lyne, OL6 2 Bedroom Apartment Flat/apartment For Sale

£400,000

  • 2 Bedrooms
  • 1 Bathroom
1 / 3
Mortgage Calculator
Monthly repayments £0
Total cost of mortgage £0
LTV 85%

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.  Apartments 406 and 506 have individual balconies.

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 £23,320.  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-FDZ10UNE9Q

Property Data powered by Jakx, the Agency Management Software

Fee Information

The advertised rental figure does not include fees.