Media City, Michigan Point Tower A... 1 bed flat for sale

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Media City, Michigan Point Tower A... 1 bed flat for sale

Media City, Michigan Point Tower A,, 9 Michigan Avenue, Salford, M50
£133,000

Our Summary

  • 7%EWS1 form in placeCash buyer preferredProperty Features:Fully furnished to a high standard including white goodsStylish, modern design throughoutAccess to onsite gym and cinema roomLocation:Situated in the heart of thriving MediaCityUKMoments from Harbour City tram stop for easy access to Manchester city centreClose to bars, shops, restaurants, and major employers like the BBC and ITVAdditional Information:Ground rent: £250 per annumAnnual Service charge budget: £1,594

Description

X1 Sales & Lettings presents a lucrative buy-to-let opportunity in the sought-after X1 Media City development, situated in the heart of Salford Quays. The one-bedroom apartments are fully furnished to a high standard, offering a stylish and modern living space. With a tenant already in situ, the property is generating a rental income of £1,000 per month, equivalent to £12,000 per annum. The asking price is £133,000, with a gross yield of approximately 8.7%. The property benefits from access to an onsite gym and cinema room, and is located near Harbour City tram stop, providing easy access to Manchester city centre. With a lease of 975 years less 5 days from 2016, this is a turn-key investment in a consistently high-demand rental area.