Julie Twist Properties welcomes to the market this 2nd floor apartment within 39 Potato Wharf, a development positioned in the heart of Castlefield. The property offers a spacious, open-plan kitchen and living area which has access to a private balcony that enjoys views of the canal. There are also two generously sized bedrooms, two bathrooms, a large storage cupboard and an entrance hallway. The property further benefits from a secure allocated parking space.
Potato Wharf is located in the heart of 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 there are various supermarkets within a five-minute walk of St George's Island. Castlefield also has a great selection of bars, restaurants, pubs and cafes.
GENERAL:
Rental Yield: 8.18% based on an estimated rental income of £1500pcm.
Service Charge: £3516 per annum (this includes building insurance)
Ground Rent: £300 per annum
Ground Rent Review Period: Fixed at £300 for first 25 years and increases every 10 years thereafter with the following formula: (Initial ground rent) x (Current average earnings index)/(Average earnings index at start of lease)
Lease: 150 years from 12/03/2015
Floor Area: 632 sq.ft / 58.7 sq.m approx
Council Tax Band: D
Management Company: Living City