Total views: 1170
Floorplan
Map1 bedroom property for sale
Media City, Michigan Point Tower A,, 9 Michigan Avenue, Salford, M50
Property
1 bed
1 bath
334
EPC rating: B
Key information
Tenure: Leasehold | 964 yrs left
Ground rent: £250 per annum | review period: 10 yrs
Service charge: £1,267.23 per annum
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- 5th floor studio
- 31 sq M
- Long lease - 975 years less 5 days commencing on 01.01.2016
- EWS1 approved
- Tenant in situ
- Cash Buyers Please
Stunning 5th floor studio apartment, in the heart of MediaCityUK. Ready made investment with tenant and management company in place!
X1 Presents: 5th Floor Studio Apartment at MediaCity Tower A
Property Details
Located in the vibrant MediaCityUK
Studio apartment, ideal for working professionals
Secure entry with CCTV
EWS1 approved – no cladding works required
Furnishings & Appliances
Fully furnished
Indesit oven and fridge/freezer
Modern interior design
Hyperoptic broadband installed
Charges & Investment
Asking price: £105,000
Rental income: £895 pcm
Full letting management: 9% + VAT
Ground rent: £250 per annum (subject to lease increases)
Long Lease -
975 years less 5 days commencing on 01.01.2016
Service charge: £1,267.23 per annum
Gross yield: ~10.2%
Net yield (after costs): ~7.7%
Facilities
On-site gym
Cinema room
Communal kitchen, laundry room, and balcony spaces
Local Area
Harbour City tram stop on the doorstep
MediaCityUK including BBC, ITV, Booths, Lowry Shopping & Theatre
Variety of local bars and restaurants
Quayside location with scenic views
Tenancy Details
Currently tenanted at £895 per month
Long-term tenant on a rolling contract (providing flexibility for sale)
X1 Presents: 5th Floor Studio Apartment at MediaCity Tower A
Property Details
Located in the vibrant MediaCityUK
Studio apartment, ideal for working professionals
Secure entry with CCTV
EWS1 approved – no cladding works required
Furnishings & Appliances
Fully furnished
Indesit oven and fridge/freezer
Modern interior design
Hyperoptic broadband installed
Charges & Investment
Asking price: £105,000
Rental income: £895 pcm
Full letting management: 9% + VAT
Ground rent: £250 per annum (subject to lease increases)
Long Lease -
975 years less 5 days commencing on 01.01.2016
Service charge: £1,267.23 per annum
Gross yield: ~10.2%
Net yield (after costs): ~7.7%
Facilities
On-site gym
Cinema room
Communal kitchen, laundry room, and balcony spaces
Local Area
Harbour City tram stop on the doorstep
MediaCityUK including BBC, ITV, Booths, Lowry Shopping & Theatre
Variety of local bars and restaurants
Quayside location with scenic views
Tenancy Details
Currently tenanted at £895 per month
Long-term tenant on a rolling contract (providing flexibility for sale)
About this agent
X1 Sales and Lettings - Greater Manchester
Unit 1, 9 Michigan Avenue
Salford, Greater Manchester
M50 2HA
0161 506 3018Welcome to X1 Sales and Lettings! We are a nationwide agency representing over 4000 landlords across the UK and are proud of both the properties in our care and the strong reputation that we have built over the last 10 years. The X1 team is passionate about providing a level of aftercare that is unparalleled within the market and places high importance on both landlord and tenant relations. Tenants renting with X1 will receive a resident exclusive loyalty card which gives access to discounts and offers at a range of local businesses across the City. Landlords benefit from one dedicated point of contact who communicates with property managers, and tenancy care managers to ensure that costs are kept to a minimum and rental income is maximised. For more information on our services - or to get started on your home moving journey - get in touch with a member of the team today. We are looking forward to working with you!
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