Irwell Building, Manchester (12 apartments)

1 / 3
Acquired Feb 2020
Bedrooms 3
Bathrooms 2
Value £1,731,000
Monthly rent £8,765
Net rental yield 4.26%
Yield information

The Irwell Building is a purpose built block comprising 80 apartments in total, completed in 2013. The Regional Capitals portfolio owns 12 of these flats. The stylish building is brick built with large windows allowing for floodlit aspects to the living spaces.

The 12 flats are arranged as 6 one-bed, 5 two-bed, and 1 three-bed. Flat sizes vary from 552 sq ft for one-beds, 625–710 sq ft for two-beds and 775 sq ft for the three-bed.

There is a passenger lift serving all floors.

Part of the Regional Capitals fund

Portfolio value £22.6m
Gross rental income per month £104,320 *
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*Past performance is not a reliable indicator of future returns. Learn more about these figures.

Capital at risk

As with all investing, your capital is at risk. You may not be able to sell your investment within a reasonable timeframe. Investments are made through REITs. Rental yields and dividends may be lower than estimated.

You should note that tax treatment depends on the individual circumstances of each customer and may be subject to change in future. Bricklane does not give financial advice. If you are unsure about whether investment is right for you, you should seek independent advice before investing, including tax advice.