1 Bedrooms Flat for sale in X1 Media City, Michigan Avenue, Salford M50 | £ 150,000
Overview
| Price: | £ 150,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Greater Manchester |
| Town: | Salford |
| Postcode: | M50 |
| Address: | X1 Media City, Michigan Avenue, Salford M50 |
| Bathrooms: | 1 |
| Bedrooms: | 1 |
Property Description
An outstanding one bedroom apartment perfectly positioned on the 6th floor of the recently completed X1 Media City Tower 1 development in the heart of the picturesque Salford Quays and on the doorstep of MediaCityUK.
This apartment comes fully furnished to a high standard and enjoys a modern and stylish finish with the added bonus of fantastic on site facilities including a gymnasium and cinema room.
The apartment offers luxury accommodation in one of the uk’s best rental locations, with corporations such as the bbc, bupa and the University of Salford right on the doorstep in MediaCityUK. It's unsurprising then that economic growth in Manchester has outstripped that in capital since 2014 according to the Financial Times and between January and March 2015,1,393 new companies launched in Salford, an 85% increase on the previous year.
This is truly an area where innovative technologies and digital creativity have found a home, so it is no surprise that many people are moving to this stunning waterfront locale to be a part of it – as well as the uk’s de-facto second city Manchester being just a short tram journey away.
Plans to double the size of MediaCityUK only add to the need for high quality rental accommodation in the local area, making this is a fantastic buy-to-let opportunity for either a new or experienced investor.
Apartments at X1 Media City additionally benefit from expert block management from X1 Lettings who enjoy a large presence in the area and boast market leading tenancy rates, meaning you know your investment is in safe hands.
Financial Breakdown
Gross rent: £8,100
Ground rent: £250
Service charge: £918
Lettings fees: £648
Net income: £6,284
Gross yield: 5.4%
Net yield: 4.19%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-12511
Property Location
Property Marketed by Yieldit
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