2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (128 years remaining)
- Sizeable two bedroom apartment
- Convenient Salford Quays location
- Private balcony
- EWS1 Available
- Currently tenanted until May 2025 at £1,200PCM
- EPC Rating = C
Description
Savills are delighted to present a turn key investment opportunity, with this two double bedroom, two bathroom apartment in the popular ‘The Exchange‘ development.
Nestled in the growth corridor between Salford Quays/MediaCityUK and Manchester City Centre, The Exchange offers excellent value. Briefly, the apartment consists of an open-plan lounge, dining and kitchen area with a balcony off the living space.
Benefitting from two double bedrooms, the primary bedroom enjoys an en suite bathroom, whilst the primary bathroom is a modern three piece suite.
The apartment is currently tenanted at £1,200pcm until May 2025, and is therefore at present suitable for buy to let investment only.
EWS1 Form Available!
This property has cladding, as far as we know the current position with the property is: ‘It’s been tested and there are no works required’ * You should make enquiries about the external wall system of the property, if it has cladding and if it is safe or if there are interim measures in place.
Location
The Exchange sits in a great location with ease of access to all Manchester and Salford Quays have to offer.
Salford Quays and Exchange Quay tram stops are located close by for travel in and around the city (0.3m and 0.4m respectively), with the bustling Manchester city centre only circa 1.5 miles away.
Grocery shopping is provided easily thanks to the local convenience stores nearby (Tesco Express 427ft, Co-op 0.3m).
General shopping, restaurants and bars can be accessed either via a short trip to Manchester (Circa 2.2m) or into Media City where you'll find a great selection including but not limited to; The Alchemist (0.7m), The Botanist (0.9m) and Nando's (0.7 m)
For sport and entertainment. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 0.8m and 4m away respectively.
For cultural activities, locally residents are only 1m from MediaCityUK which often hosts an array of food festivals, music gigs and activities.
Please note all distances quoted are approximate.
Square Footage: 648 sq ft
Leasehold with approximately 129 years remaining.
Additional Info
Lease expiry date: 2153
Ground rent is doubled for the first 30 years at 10 year intervals, thereafter it increases in line with RPI for every 10 years following. Next review due 2025.
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*DISCLAIMER
Property reference MNS230238. 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 6, 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 6, 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 June 24, 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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