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
£200,000

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 is located in the heart of the city centre, just a short walk from Greengate and the Corn Exchange. The apartment boasts stunning views of Greengate and Salford through a large floor-to-ceiling window, filling the living space with natural light. With a current rental yield of 6.60% and projected yield of 6.90%, this property is an attractive investment opportunity. The apartment is currently tenanted until August 2024 and is available to both investors and owner-occupants. With a leasehold of 250 years from 2021, the property also comes with a service charge of approximately £1551.88 per annum and ground rent of approximately £343.79 per annum. The development, which won the Residential High-rise Development UK award, features 365 high-quality apartments and is part of a £10 million regeneration project in Manchester city centre.