About this property
X1 Lettings are delighted to present this excellent investment opportunity within the popular X1 Manchester Waters development.
This well-presented studio apartment extends to approximately 25 sqm and is being sold with a tenant in situ, allowing investors to benefit from immediate rental income from day one. The property is ideally suited to buy-to-let investors seeking a hands-off investment within a professionally managed development.
Residents of X1 Manchester Waters enjoy exclusive access to a range of on-site amenities, including a fully equipped gymnasium and private cinema room.
Investment Information
* Current Rent: £775 PCM
* Estimated Market Rent: £1,000 PCM
* Service Charge: £1,253.59 per annum
* Ground Rent: £469.83 per annum (reviewed every 5 years in line with RPI)
* Management Fee: 9% + VAT
* Council Tax Band: A
* Lease: 240 years less 9 days from 30/03/2017
* EWS1 Available – No Issues Reported
About X1 Manchester Waters
Manchester Waters forms part of the wider regeneration of Pomona Island, one of the most significant waterfront regeneration projects in Greater Manchester. Situated on 26 acres of former dockland, the development is helping create a vibrant new residential neighbourhood between Manchester City Centre and MediaCityUK.
The location continues to attract strong tenant demand thanks to its excellent connectivity and proximity to Manchester’s key employment hubs.
Excellent Transport Links
The development is located just a short walk from Pomona Metrolink Station, providing quick and convenient access to Manchester City Centre, MediaCityUK, Salford Quays, Deansgate and beyond.
Manchester remains one of the UK’s strongest-performing rental markets, benefiting from a growing population, significant inward investment and sustained tenant demand, making it an attractive proposition for property investors.
Viewings are highly recommended and can be arranged by contacting our sales team.
Please note: Images are for illustrative purposes only and may show a similar apartment within the development. They may not depict the exact property being offered for sale. Please contact us if you would like confirmation prior to arranging a viewing.
