Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- Investment Opportunity
- Studio Apartment
- Tenanted until December 2024
- 8.1% Gross Yield
- Residents Lounge & Gym
- £850 per month / £10,200 Per Annum
8.1% GROSS YIELD. A spacious STUDIO apartment on the 18TH FLOOR of an ICONIC DEVELOPMENT in Salford Quays/MediaCity with stunning VIEWS ACROSS THE MANCHESTER SKYLINE. *INVESTMENT OPPORTUNITY. TENANTED WITH A RENTAL INCOME OF £850 PER MONTH | £10,200 PER ANNUM* EWS1 Available. Mortgage Buyers Welcome.
The modern studio apartment is offered Furnished and provides 325 sq.ft of accommodation comprising hallway with storage and utility cupboards, living space with floor to ceiling windows, compact kitchenette with integrated oven, hob and under counter fridge and a fully-tiled three piece bathroom suite. Residents can also enjoy access to a communal lounge and on-site gymnasium. EPC RATING B (83).
Michigan Tower A sits in a prime location just minutes from Salford Quays and MediaCityUK with a host of amenities close by including shops, bars and restaurants as well as BBC and ITV studios and offices. For commuters further afield, the property sits across from Harbour City Tram Station providing instant access to Manchester City centre & Manchester Airport whilst the M602 motorway is just a short drive away.
Important Information
Tenure: Leasehold
Service Charge: £1,000 per annum
Ground Rent: £250 per annum
Lease: 975 years (less 5 days) from 01 January 2016
Council Tax Band: B
Management Company: Haymarket
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Property reference S168860. 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 Henry Wiltshire - Manchester.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 23, 2021
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 December 23, 2021
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, 2017 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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