We have just brought to the market a fantastic two bedroom apartment in the much sought after Wellington Mill on the A6 close to Stockport Town Centre. The property is right in the heart of the town which means that both the transport links and amenities are right on the doorstep – the location is excellent! The property is also extremely well proportioned with a large entrance hall with ample storage cupboards, a large open plan kitchen living area with high ceilings and floor to ceiling mill style windows – allowing the apartment to be bright and sunny. There are also two good sized double bedrooms which makes the property perfect for sharers or for a professional couple – increasing the rental opportunities once the investment has been purchased.
The Mill is located next to the Hat Works Museum which is a famous landmark in Stockport and it is a great day out for visiting family and friends! There are also certain features within the building that gives the property a unique and eclectic feel such as the stair well with exposed brick and the mill style windows (as mentioned previously).
The property is currently on the market for £110,000 and would rent out to suitable tenants for between £650pcm and £695pcm which would give you a yield of 7% to 7.5% – an incredible return. The property is currently tenanted, but the tenants will be moving out in line with the completion of the sale therefore, new tenants will need to be found for the property.
To arrange a viewing please give us a call in the office on 0161 474 8668 or for any more investment advice please do feel free to call or email me on firstname.lastname@example.org.