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Studio, in Cheltenham Place, £122,000
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Studio

Cheltenham Place, 33 Frederick Road, Salford, M6
£122,000

Our Summary

  • Newly completed development | Frederick Road | Gross annual income of £9,960 achieved | Peppercorn Ground Rent | Managed by X1 (Management fee 9% plus VAT) 13th Floor Investment Studio | New Development | Fully Tenanted Investment Opportunity This completed and tenanted studio apartment offers immediate rental income for investors seeking a hassle-free opportunity

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Description

The property is a newly completed 13th-floor studio apartment in a development on Frederick Road, located near major university buildings and within walking distance of Salford Crescent Station. It has a 999-year lease, peppercorn ground rent, and is EWS1 approved. The apartment is fully furnished and features a modern kitchen with integrated appliances and quality worktops, as well as a fully tiled ensuite bathroom in a sleek and contemporary finish.

The studio is fully tenanted, achieving £830 per month in rental income, with a service charge of £2,321 per year.