1 Bedroom Flat For Sale

Opportunity to purchase a completed and tenanted student in the popular Montgomery Halls development in central Manchester. Monty Halls has 142 student bedrooms in the quiet residential neighbourhood of Alexandra Park, just 10 minutes from the Manchester universities. This unit is completed and tenanted until June 2015. The tenant is currently paying £75.00 per week gross (management fees and service charges to be deducted). The unit for sale is 10 square metres.

There are very few new student developments being granted planning permission in Manchester (home to over 100, 000 students), and as such student pods for sale in existing, operational developments such as Montgomery Halls are now at a premium. As such, these units offer substantial opportunity for capital appreciation as well as a consistently high yield starting in September 2014.

This development has undergone significant changes since January 2013, and is now fully managed by one of the UKs leading property management companies, the Residential Management Group. With the rmg Group recently appointed by the managing committee of owners/landlords, Monty Halls presents a significant opportunity for investors seeking to invest in the rapidly expanding UK student property market.

Monty Halls - Investor highlights
• The student population in Manchester is over 100, 000
• New, professional management company in place
• Completed and fully operational student development
• bmv student accommodation
• Prices include Water, Gas, Electricity and Wifi through the building
• On-site parking available – most developments have no car parking facilities
• 24hr on site management
• Spacious shared recreation area
• This unit is tenanted until 30th June 2015
• Gross rental income of £75.00 per week per tenanted pod

Monty Halls – Features
• Mature gardens and leafy surroundings
• Extensive gardens
• Free minibus service to the city centre
• On site laundry facilities
• On site gym facilities (additional charge of £10 per term for gym use.)
• Bike store

Monty Halls – Purchase Price
£25, 500.00 (£1, 000.00 finders fee not included)

Monty Halls – Buying process
Stage 1. Complete reservation form and pay deposit of £6, 000 (includes £1, 000.00 finders fee)
Stage 2. Solicitor instructed, legal\'s and sales pack sent out
Stage 3. Balance paid on exchange and completion of contracts, within 28 days