About this property
Two-Bedroom Apartments | Michigan Point Tower A | Tenants in situ | Attractive yields for investment | Select Units inclusive of Car Parking | Salford
A fantastic investment opportunity for anyone seeking a hands off management investment. The building has the EWS1 and tenant in place, receive rental income IMMEDIATELY up to £1,300 pcm / £15,600 per anum!
Open plan kitchen / living area helps to make this a welcome social space with two good sized bedrooms and an ensuite to the master bedroom. White goods and furniture pack included with sale.
X1 Media City Tower A has an EWS1 in place and the building has a fantastic range of facilities for residents to take advantage of including onsite gym, cinema room, communal kitchen / dining facilities and launderette facilities.
The property is well connected via the Metrolink and has its own dedicated tram stop at Harbour City with excellent travel links further afield.
INCOME:
Rent Achieved: £1,300 pcm.
Proprties inclusive of Car parking achieves an extra £85.00 – 100 per month
Service Charge 2025 £2,719.86 / Anum
X1 Lettings Management Fees: 9% plus VAT (of rent achieved)
Lease Terms – 975 years less 5 days commencing on 01.01.2016
Ground rent: £250.00 / Anum
-Review frequency – 10 years
Council Tax Band C / EPC rated C
NOTE TO PURCHASERS: These particulars are set out as a general outline only for guidance, and do not constitute any part of an offer or contract.
Property viewings are highly encouraged and neither X1, nor the vendor accept any responsibility of these particulars which are not intended to be statements or representations of fact.
A property inspection to ascertain the correctness of each of the statements contained in these particulars is deemed essential.
Contact us to view full availability.
Images are for illustrative purposes only and MAY show a similar unit within the development. The images MAY not reflect the exact apartment for sale. Please ask if you would like us to confirm if the images reflect the actual apartment.
