This property is no longer on the market
2 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold (240 years remaining)
- Tenanted, turn-key investment
- EWS1 Form available
- Gross yield of 6.8%
- Two bedroom, two bathroom
- Onsite cinema room and gym
- 24/7 Concierge service
- Opposite Regent Road retail park
- Close to Spinningfields
- EPC Rating = C
Description
Savills are proud to present this two double bedroom apartment in the highly exclusive Wilburn Basin development.
This apartment could represent an ideal turn key investment for the discerning investor, with a 6.8% gross yield available at the current rental price of £1200pcm until May 2024.
Internally, the apartments have been finished to the highest of standards. Walnut veneered flooring, carpets in the bedrooms, tiled bathrooms, handless kitchen units, integrated dishwasher and much more! Installed in each apartment are also dedicated Hyper-optic, fibre-optic, and TV provisions including BT, SKY and Virgin Media.
Situated on the second floor, the apartment briefly comprises of an entrance hallway leading through to a sizeable, modern, open-plan living and kitchen area, with a Juliet balcony. Two double bedrooms are enjoyed, with the primary bedroom benefitting from an en suite bathroom. Further, there is a luxurious main three piece bathroom suite, and additional storage cupboard.
The development itself boasts a 24/7 on-site friendly concierge, intercom systems to all apartments, bike stores, gym and cinema room for the use of residents only.
EWS1 Form available.
The seller has advised material information as follows:
Service charge: £1,622 per annum
Building insurance: £410.94 per annum
Ground rent: £300 per annum
Review method: RPI
Location
Wilburn Basin sits in a prime location along the banks of the River Irwell. Cornbrook tram stop (0.9m), Deansgate tram & train links (0.9m), and Spinningfields (0.8m) are all within easy reach.
Regent Road Retail Park is also situated just behind the development (0.1m) with a large Sainsbury's, TK Maxx, Boots, and much more on offer.
Salford Central Train Station is just 0.6 miles away, which provides good access links both in and out of the city centre.
Sports and entertainment are within easy reach also. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.2m and 3.2m away respectively.
For cultural activities, locally residents are only 0.5m from Castlefield Bowl which often hosts an array of food festivals and music gigs.
Square Footage: 670 sq ft
Leasehold with approximately 241 years remaining.
Places of interest
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*DISCLAIMER
Property reference MNS220084. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills - Manchester Bridge Street.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 5, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on September 15, 2016 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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