Studio flat for sale

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Studio flat for sale

The Campus, 30 Frederick Road, Salford, M6
£52,000

Our Summary

  • Studio for Sale in Salford, EWS1 in place , Tenant in place - via online Auction
  • Investment Opportunity, Cash Buyers please
  • Great Investment Opportunity
  • *Sample photos used of similar studio type*Auctioneer CommentsThis property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day ReservationPeriod

Description

This studio apartment is being sold via online auction and offers a great investment opportunity for cash buyers. The property is fully furnished and located in X1 The Campus Block A, close to Salford University and with excellent transport links into the city. The apartment has a tenant in place until August 2024, with a management company also in place, providing immediate income for the buyer. The property comes with a 999-year lease, commenced in 2018, and the buyer will be responsible for the annual ground rent of £454.70. The apartment is part of a development that offers a range of amenities, including an on-site gym, communal space, and bike store, as well as security and emergency maintenance services. The property is currently generating £177 per week in rent, with a service charge of £2,217 for the year. The buyer will also be responsible for the letting management fee of 9% + VAT and council tax, which is currently exempt for students but would be payable by working professionals.
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