Embankment West, 2 New Kings Head... 2 bed apartment for sale

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Embankment West, 2 New Kings Head... 2 bed apartment for sale

Embankment West, 2 New Kings Head Yard, Salford M3
£260,000

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 5th floor, 2-bedroom apartment is located in the Embankment West development in the heart of Manchester's city centre, just a short walk from Greengate and the Corn Exchange. The property boasts EWS1 A1 rated, making it suitable for mortgage buyers, and offers a 7.15% rental yield at £1550 per month. The apartment is currently tenanted until July 2025 and has a leasehold of 250 years from 2021. With a service charge of £2426.44 per annum and ground rent of £521.41 per annum, this property is an excellent investment opportunity for both investors and owner-occupants. The apartment features a large floor-to-ceiling window that fills the living space with natural light and offers views over Greengate and Salford. 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 the city centre.