1 bedroom flat for sale

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1 bedroom flat for sale

Manchester Waters, 3 Pomona Strand, Old Trafford, M16
£130,000

Our Summary

  • Eleventh Floor | One-Bedroom Apartment | Exciting Investment Opportunity | Pomona Strand | Tenant in situ | 6

Description

This is an exciting investment opportunity for a one-bedroom apartment located on the 11th floor of the X1 Manchester Waters development in Salford. The apartment is fully furnished to a high specification and comes with a balcony offering waterside views. The property is situated on Pomona Island, just a minute's walk from the Pomona tram stop, providing excellent links to the city. The leasehold property has a 240-year lease, with a ground rent of £469.83 per year, and a service charge of £1,475.35 per annum. The apartment is currently let out at £1,000 per calendar month, generating a 6.74% net yield. With its modern design, stunning views, and excellent transport links, this property is an ideal choice for city workers looking to escape the hustle and bustle or for investors seeking a reliable rental income. Viewings are highly recommended.