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City Suites, Chapel Street, Salford... 1 bed serviced apartment for sale
City Suites, Chapel Street, Salford, M3 7NH
£155,000
City Suites, Chapel Street, Salford, M3 7NH
£155,000
Price History
Initial price | £220,000 |
14/03/25 | £185,000 |
24/04/25 | £175,000 |
13/06/25 | £165,000 |
24/06/25 | £155,000 |
Price Change | -29.55% |
Description
This is an investment opportunity to purchase a one-bedroom self-contained property in the City Suites Apart Hotel on Chapel Street, Salford. The property is fully managed by the building operators, who handle reservations, cleaning, and laundry, and pass on the income to the owner minus service charges. The property is located near Deansgate, Victoria Station, and Manchester Arndale, making it a popular destination for short-stay clients. The property has been generating a nett income of £5,123 per year, and with running/service charge costs of £8,715, the gross income is £13,838. The property is being sold through the Modern Method of Auction, and the buyer will need to pay a deposit of 10% of the purchase price.