Studio flat for sale

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Studio flat for sale

Michigan Point Tower A, 9 Michigan Avenue, Salford Quays, M50
£125,000

Our Summary

  • **INVESTMENT OPPORTUNITY

Description

This spacious studio apartment on the 18th floor of the iconic Michigan Tower A in Salford Quays/MediaCity offers a 7.7% gross yield and stunning views across the Manchester skyline. The apartment is tenanted with a rental income of £800 per month and £9,600 per annum, and is available for investment. The modern studio features a hallway with storage and utility cupboards, a living space with floor-to-ceiling windows, a compact kitchenette, and a fully-tiled three-piece bathroom suite. Residents also have access to a communal lounge and on-site gymnasium. The property is located in a prime location just minutes from Salford Quays and MediaCityUK, with easy access to Manchester City centre and Manchester Airport via the nearby Harbour City Tram Station. The property is leasehold with a 975-year lease from 2016, council tax band B, and a service charge of £1,000 per annum.
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