1 bed Apartment (Leasehold)

One Bedroom Apartments | Michigan Point Tower A | Tenanted properties - Up to £12,000 p/a rental income! | Salford
Excellent Buy-to-Let Opportunity | One Bedroom Apartments Available | MediaCityUK | Tenant in Situ | Purchase with Vacant Possession |
X1 Sales & Lettings are pleased to present available one-bedroom apartments in the sought-after X1 Media City development – perfectly positioned in the heart of Salford Quays and ideal for investors seeking a strong rental return.
Key Investment Highlights:
Rental income: £1000 / £12,000 p/a!
Gross yield: Approx. 8.7%
EWS1 form in place
Cash buyer preferred
Property Features:
Fully furnished to a high standard including white goods
Stylish, modern design throughout
Access to onsite gym and cinema room
Location:
Situated in the heart of thriving MediaCityUK
Moments from Harbour City tram stop for easy access to Manchester city centre
Close to bars, shops, restaurants, and major employers like the BBC and ITV
Additional Information:
Ground rent: £250 per annum
Annual Service charge budget: £1,653.43
Lease: 975 years less 5 days from 01.01.2016
EPC Rating: B
Council Tax Band: B
No pets or short-term lets permitted under headlease
This is a turn-key investment in a consistently high-demand rental area. For further details or to arrange a viewing, please contact X1 Sales & Lettings today.
Auctioneer comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.