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1 bed property, in The Campus, £65,000
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1 bed property

The Campus, 30 Frederick Road, Salford, M6
£65,000

Our Summary

  • 25 Sqm Studio Apartment | Third Floor | Tenant readily in situ | Hands off Investment Opportunity
  • An ideal turnkey investment opportunity within the ever-popular X1 The Campus Blocks A-C development
  • This high-yield, fully managed investment offers great potential for a steady income stream, making it an attractive option for investors looking for a hands-off, long-term rental opportunity

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Description

This 25 sqm studio apartment is located on the third floor of a development with 26 sqm units. The apartment is fully furnished and tenanted, with a gross annual rental income of over £10,000 and a rent of over £900 per month. It also has a 999-year lease, an annual ground rent of £454, and a 5-year review of the rent's value.

The service charge, which includes water, Wi-Fi, and electricity, is £2,746.97 per year, paid quarterly, and the council tax band is A. The property offers onsite security, a free gym, communal space, bike storage, and is located close to the University with good transport links to the city center.