Laurence Place, 2 New Kings Head... Studio for sale

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Laurence Place, 2 New Kings Head... Studio for sale

Laurence Place, 2 New Kings Head Yard, SALFORD, M3
£190,000

Our Summary

  • With 365 High Quality apartments the development was part of a £10 million regeneration project - one of the most impressive undertaken in Manchester city centre in recent years - Affinity Living Embankment West will become the highly desirable residential development at the very heart of this new district

Description

This 8th floor studio apartment in the Embankment West development offers a lucrative investment opportunity with a current 7.26% rental yield at £1150 per month and a projected 7.58% yield at £1200 per month. The property is located in the city centre, just around the corner from the Corn Exchange, and benefits from excellent views over Greengate and Salford. With a leasehold of 250 years from 2021, service charge of approximately £1551.88 per annum, and ground rent of approximately £343.79 per annum, this property is available to both investors and owner-occupants. The apartment is currently tenanted until September 2026 and has an EPC rating of B. The development, which won the UK Property Awards, features high-quality apartments and a range of amenities, making it an attractive option for those looking for city centre living.