1 bedroom apartment for sale

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1 bedroom apartment for sale

The Exchange, 8 Elmira Way, Salford, Greater Manchester, M5
£128,000

Our Summary

  • DescriptionSavills are delighted to present a turn key investment opportunity, with this one double bedroom apartment in the popular ‘The Exchange‘ development

Description

This one-bedroom apartment in the popular "The Exchange" development offers a turn-key investment opportunity. Located in the growth corridor between Salford Quays/MediaCityUK and Manchester City Centre, the apartment is nestled in a great location with easy access to all amenities. The property consists of a spacious open-plan lounge, dining, and kitchen area, a well-appointed bedroom, and a modern three-piece bathroom. The apartment is currently tenanted at £975 per month until June 2026 and is suitable for buy-to-let investment only. The property has cladding, which has been tested and deemed safe, with no works required. The leasehold has approximately 127 years remaining, and the ground rent is doubled for the first 30 years, increasing in line with RPI every 10 years thereafter.