8 Bed HMO, Manchester, M14 6PT £600,000

• Student investment property +
• £58,240inc of bills p/a +
• 9.7% yield +
• History of being let to students +
• Popular student location +
• Open plan living with kitchen island +

Nicholas Humphreys Manchester are delighted to bring this 8 bed student property to the market. The property is ideally situated in the heart of Fallowfield, near Sainsbury`s supermarket on Wilmslow Road. On your doorstep you will also find a number of local pubs, bars, restaurants and the main bus route providing access to and from University and the city centre. The property is let for the 2024/2025 academic year giving a return of £58,240 p/a inc of bills. This produces a yield of 9.7%. The property benefits from a spacious open plan kitchen/Lounge with an island/ breakfast bar, x2 ovens x2 hobs, x2 sinks, x2 large fridge freezers, dishwasher and washer/dryer. Lounge area complete with contemporary Ikea sofas, furniture and wooden flooring throughout. - 8 double bedrooms each fitted with plenty of storage, shelving and Ikea furniture. There are 4 showers, 2 toilets. The property has The highest spec in Fire and security systems including window activated Burglar Alarm and door entry intercom.  The current landlords have let the property to students for over 20 years and we have been furnished with the last 11 years worth of tenancy agreements showing that the property has been let to 8 tenants. The property has an HMO licence for 8 people which was granted in 2021.  REFERRAL ARRANGEMENT NOTE
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Hargeaves Gilman, Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the broker named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £250 from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them. EPC rating: C. Tenure: Freehold,