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2 bed flat
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Our Summary
- Rent achievable: £1,300 pcm suitable investment opportunity
- Exciting investment opportunity in Michigan Point Tower B
- A fantastic investment opportunity for anyone seeking a hands off management investment
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Description
This 16th-floor two-bedroom apartment in X1 Media City Tower B, Michigan Point, is an exciting investment opportunity. The property comes fully furnished with a tenancy currently in place, ensuring immediate rental income. The apartment features an open-plan kitchen/living area, two good-sized bedrooms, and an en-suite to the master bedroom.
The building has a range of facilities, including an on-site gym, cinema room, communal kitchen/dining facilities, and launderette facilities. With a secure underground parking space, car parking space achieves an extra £75 per month, and the property is well connected via the Metrolink with its own dedicated tram stop. The apartment is available for sale with a rent achievable of £1,300 per month, and X1 Lettings Management Fees are 9% plus VAT (of rent achieved).
The lease terms are 975 years less 5 days commencing on 01.01.2016, with a ground rent of £250 per annum.