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Media City, Michigan Point Tower B... 2 bed flat for sale
Media City, Michigan Point Tower B, 11 Michigan Avenue, Salford, M50
£210,000
Media City, Michigan Point Tower B, 11 Michigan Avenue, Salford, M50
£210,000
Our Summary
- A fantastic investment opportunity for anyone seeking a hands off management investment
Description
This fully furnished two-bedroom apartment on the 12th floor of Media City Tower B is a fantastic investment opportunity. The apartment is currently occupied by a long-term tenant, with a monthly rent of £1,300 and a lease term until October 2025. The property benefits from a range of amenities, including an on-site gym, cinema room, and communal kitchen and dining facilities. The building has an EWS1 in place, providing peace of mind for investors. The apartment itself has a spacious open-plan kitchen and living area, two good-sized bedrooms, and an en-suite bathroom. The property is well-connected, with a dedicated tram stop at Harbour City and excellent travel links further afield. The service charge for 2025 is £2,459, and the X1 Lettings Management Fees are 9% plus VAT of the rent achieved. With a ground rent of £250 per annum, this property offers a hands-off investment opportunity with immediate rental income.