0 Bedrooms Studio for sale in X1 Media City, Michigan Avenue, Salford M50 | £ 120,000

Property Description

This stunning studio apartment features a contemporary open plan living, dining and sleeping area with large windows offering breath-taking views of the surrounding areas and a high spec, fully integrated kitchen. There is a separate 3-piece bathroom, as well as ample storage space. Residents of X1 Media City can also enjoy the tower's numerous facilities facilities such as a private resident’s gymnasium, cinema room and dining area with terrace.

X1 Media City Tower 1 is located in one of the best locations for young professional renters in the UK right now. Offering a host of shops, bars and restaurants within walking distance of this impressive development, as well as the Lowry Theatre and the Imperial War Museum North just minutes away. Residents will also have fast access to all that Manchester city centre has to offer via the Harbour City Metrolink tram stop which is ideally positioned outside of the development.

X1 Media City 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, and the plans to double the size of MediaCityUK only add to the need for high quality rental accommodation in the surrounding areas, as well as the added benefit of being managed by X1 Lettings who enjoy a large presence in the area and boast market leading tenancy rates (100% occupancy for September 2018), meaning you know your investment is in safe hands. This makes for a fantastic buy-to-let opportunity!

Financial Breakdown

Gross rent: £8,100
Ground rent: £250
Service charge: £860
Lettings fees: £778
Net income: £6,213
Gross yield: 6.75%
Net yield: 5.18%

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-13136

Property Location

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