408 Kelso Place, Manchester

Pure Investor are delighted to bring to the market this 1-bedroom ground floor apartment at Kelso Place, St Georges Island, Manchester M15 4GY. The apartment is situated on the banks of the Rochdale canal and is very popular with both tenants and homeowners. This high-specification ground-floor apartment has secured allocated parking included and is just a short stroll from the abundance of shops, bars, and restaurants that the City has to offer.

Benefitting from 24-hour concierge service and floor-to-ceiling windows, the beautifully presented accommodation comprises; entrance hallway, open plan living room, modern integrated kitchen, a double bedroom, and main bathroom.

St George’s Island is a large development complex consisting of five blocks of 1- and 2-bedroom apartments. All apartments have large floor-to-ceiling windows and doors onto full length balconies meaning every apartment has views of outside space, whether that be views of canal, landscaped gardens, or city centre. Each block has two levels of secure parking and the development benefits from a concierge. St George’s Island is located in Castlefield, one of the most desirable areas in Manchester.

Castlefield has beautiful canals, cobbled walkways and architecturally impressive mills. Castlefield has two Metrolink stops, Cornbrook and Deansgate which connect both to city centre and offer easy access to Salford Quays and southern areas such as Altrincham, Chorlton, Didsbury and Manchester Airport. The city centre itself can also be reached easily on foot in under ten minutes and Castlefield has selection of bars restaurants, pubs, cafe and a local shop.

Investment Information

Full address - 408 St Georges Island, 4 Kelso Place, Manchester M15 4GT.
Purchase price - £157,000.00.
New tenancy agreed at - £975.00pcm
Gross rental income - £11,700.00.
Gross yield per annum – 7.5%.
Service charge - £2,499.92 per annum.
Ground rent - £250.00 per annum.
Leasehold – 107 years remaining.
Dedicated parking space.

Estimated Capital Appreciation - North West Property
2024 - 4.0%
2025 - 4.5%
2026 - 5.5%
2027 - 6.5%
2028 - 5.5%
5 Years To 2028 - 28.8%

Source:
Savills Research Predictions - Mainstream Capital Value Forecast

Balcony area that is protected by glass front.
MORTGAGE BUYERS WELCOME due to mortgage companies lending criteria amendments following the Building Safety Act 2022. Government Building Safety Fund Approval in Place for remediation works.

408 Kelso Place, Manchester - Key Points

Location

Manchester, United Kingdom

Tenure

Leasehold

Completion

Completed and tenanted

Rental Yield

7.5%