Oxygen, 50 Store Street... 2 bed flat for sale

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Oxygen, 50 Store Street... 2 bed flat for sale

Oxygen, 50 Store Street, Manchester,M1 2FS
£300,000

Price History

Initial price £330,000
06/02/24 £320,000
12/06/24 £315,000
16/08/24 £300,000
Price Change -9.09%

Description

This investment property, located in the Oxygen development in Manchester, is a 7th-floor apartment that offers a 6.6% gross yield with a current rental income of £19,800 per annum. The property features a communal entrance, private entrance hallway, open-plan living area and kitchen, two double bedrooms, and two bathrooms, including an en-suite shower room. The development offers luxury amenities such as a 25m pool, gym, spa, and cinema room, as well as a residents' lounge and 24-hour concierge. The property is currently tenanted until February 2025 and is being sold with no chain. The service charge is £3,862 and the ground rent is £350, with a review period of 5 years and a term of 250 years, with 248 remaining.