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The Plaza, 1 Advent Way, Ancoats... 3 bed flat for sale
The Plaza, 1 Advent Way, Ancoats, Manchester, M4
£215,000
The Plaza, 1 Advent Way, Ancoats, Manchester, M4
£215,000
Our Summary
- INVESTMENT OPPORTUNITY – TENANTED THREE-BED INCLUDING PARKING, NCOME-GENERATING UNIT | CASH BUYERS ONLY INVESTMENT OPPORTUNITY – TENANTED 3-BED INCOME-GENERATING UNIT | CASH BUYERS ONLYX1 Sales and Lettings are pleased to bring to market this stylish, tenanted apartment on the 5th floor of the sought-after X1 The Plaza development – an ideal opportunity for buy-to-let investors seeking strong rental returns and long-term capital growth potential
- Key Features:Three-bedroom apartment – furnished and tastefully decorated throughoutTwo double bedrooms, including one with an en-suite shower roomSpacious main bathroom with overhead shower, toilet, and basinOpen-plan kitchen/living area with integrated appliancesPrivate balcony with unobstructed views across ManchesterAccess to on-site gym and secure underground parkingSecure fob/entry system for residentsLocation:10-minute walk to Manchester Piccadilly Train Station5-minute walk to New Islington MetrolinkExcellent transport links via M62, M56, M602 and close proximity to Manchester AirportInvestment Snapshot:Tenants in situ on a long-term agreementAchieving £1,900 PCM in rental incomeIdeal hands-off investment with proven rental track recordCash buyers only due to lending restrictions within the buildingLeasehold Information:Lease: 232 years remainingGround Rent: £350 (RPI-linked, next review 31
Description
X1 Sales and Lettings presents a fantastic investment opportunity in Manchester's sought-after X1 The Plaza development. This stylish, three-bedroom apartment on the 5th floor is fully furnished and decorated, with two double bedrooms, one with an en-suite shower room, and a spacious main bathroom. The open-plan kitchen/living area features integrated appliances, and the private balcony offers unobstructed views across Manchester. The property benefits from on-site gym and secure underground parking, as well as a secure fob/entry system for residents. The apartment is currently tenanted on a long-term agreement, generating £1,900 per calendar month in rental income. This is an ideal hands-off investment with a proven rental track record, making it a rare opportunity for cash buyers only due to lending restrictions within the building. With a lease of 232 years remaining, ground rent of £350 (RPI-linked), and a service charge of £2,977.86 annually, this property offers strong rental returns and long-term capital growth potential.