32 Archer House, Stockport Town Centre

32 Archer House 3 John Street, Stockport Town Centre, SK1 3FX
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£100,000 OIRO

Ref No: 20230
8
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  • Property Features

    • TENANTED INVESTMENT PROPERTY
    • Gross Yield Currently circa 7.0%
    • Good Rental Demand
    • Second Floor Position
    • Modern purpose built 1-bedroom apartment
    • Allocated Car Parking Space
    • Access Control Entry & Lifts to Floors
    • High-Gloss Kitchen with Appliances

    Property Summary

    ***TENANTED INVESTMENT PROPERTY*** An opportunity to purchase a modern one-bedroom apartment at Archer House, a very popular development with investors and tenants alike, located in the heart of Stockport Town Centre.

    Full Details

    ***TENANTED INVESTMENT PROPERTY*** An opportunity to purchase a modern one-bedroom apartment at Archer House, a very popular development with investors and tenants alike, located in the heart of Stockport Town Centre.

    INVESTMENT & TENANCY INFORMATION:
    • Sold by and Let & Managed by O’Connor Bowden since built in 2017;
    • Currently let by means of an ASTA, until 21st May 2023;
    • Current Rent £600.00 pcm;
    • Representing a Gross Yield of circa 7.0%.

    PROPERTY:
    Welcome to Archer House, a fabulous second floor apartment providing conveniently located town centre homes with modern purposeful apartment development completed in 2017. This second floor apartment provides a superb buy to let investment opportunity with demand persistently strong from tenants for these modern 1 bedroom apartments, having the benefit of modern fixtures and fittings, flooring, double glazing, access control and an allocated car parking space.

    ACCOMMODATION:
    You enter the building via an access controlled main entrance into a communal entrance lobby, where two lifts and a main staircase service all floors. Arriving on to the second-floor landing, automatic lighting takes you to the private front door.

    As you enter the apartment, there are built in storage cupboards to the righthand side which also houses the water cylinder. The living area is open-plan with space for a seating area and dining table. To the rear of the room is a white fitted high-gloss kitchen area with contrasting dark work tops and a range of integrated appliances, including the cooker hob and stainless chimney extractor fan, oven and integrated fridge freezer. The contemporary style is continued with modern square windows and laminate flooring. Number 32 is one of the apartments within the development with a more pleasant aspect over residential property and a view towards the old town and market.

    The double bedroom shares the same aspect. Again, a white, bright room with carpet. There is a courtesy door to the modern bathroom, which also has separate access to the living room and benefits from wall and floor tiling.

    SPECIFICATION SUMMARY:
    Entry Access Control System
    LED ceiling down lighters
    Laminate and Carpeted Flooring
    TV points in Living room & Bedroom
    Integrated appliances
    Lift to all Floors
    Allocated Car Parking Space

    LOCATION:
    Archer House is a popular residential development of 75 apartments located in the heart the town's business district. The location is extremely convenient to all town centre facilities makes for ease of commuting to nearby Manchester City Centre and surrounding areas, by road and rail

    A five- minute walk, and you’ll arrive at Stockport’s prime retail destinations; Merseyway Shopping Centre and Redrock Stockport, where there is a cinema, gym, bowling alley, bars, restaurants & an abundance of popular high street shops. Alternatively, you could choose to travel a few junctions along the M60 to the Trafford Centre, ‘the world-renowned shopping and entertainment destination’.

    For nights out and entertainment, you are minutes from Stockport’s ‘old town’ with the charm of its ‘olde-worlde’ cobble stones, gas lights and period buildings. Enjoy vintage market days, an exciting range of independent Bohemian and artisan cafés, bars, restaurants and shops, all within easy walking distance of your doorstep!

    VIEWINGS:
    Due to the property being tenanted, the property may not be readily available for an internal viewing. In the first instance, please raise your interest with us and we will arrange a telephone meeting to discuss this property investment in more detail.

    DETAILS:
    Tenure: Leasehold 250 years from 2017
    Ground Rent: Currently £420 pa – we understand - subject to 5 yearly RPI review.
    Council Tax band: A
    EPC Band: C
    Service Charge: Estimated £70.00 pcm
    Windows: Double Glazed
    Heating: Electric
    Water Boiler: Condenser electric boiler

    SUBJECT TO CONTRACT SALE TERMS:
    This property is offered for sale by means of private treaty and on subject to contract terms.

    POSSESSION TERMS:
    This property is offered as a tenanted sale, WITHOUT vacant possession on completion.

    SERVICES:
    As agents, we have not checked any mains or private utility services at this property, neither have we received confirmation or sought confirmation from the statuary bodies of the presence of these services and their function. We cannot confirm services are in working order. We have not checked any of the appliances, electrical, heating or plumbing systems at this property. All prospective buyers should satisfy themselves on these points prior to entering into a contract and we recommend and advise any prospective buyer to obtain advice and verification from their solicitor and / or surveyor on all matters.

    Website Reference:
    20230

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Contact O'Connor Bowden | Lettings, Management & Sales - Manchester and Cheshire

32 Archer House, Stockport Town Centre

Disclaimer

THE PROPERTY MISDESCRIPTIONS ACT 1991: The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the tenure of a property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned in the sales particulars. They may, however, be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract. All measurements are approximate

MISREPRESENTATION ACT 1967: The property details have been produced in good faith, are set out as a general guide and do not constitute the whole or part of any contract. All liability, in negligence or otherwise, arising from the use of the details is hereby excluded

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