We are pleased to present this outstanding two bedroom, two bathroom apartment situated in the recently completed X1 Media City Tower 1 development in the heart of the picturesque Salford Quays.
This 2 bed 2 bath apartment comes fully furnished to a high standard and enjoys a modern and stylish finish with the added bonus of amazing views of the city. The development of the X1 Media City Tower has fantastic on site facilities including a gymnasium and cinema room for residents use as well as the added benefit of being situated in the buy to let hub of Salford.
X1 Media City is fully block management by X1 Lettings who operate widely in the area, making this an excellent opportunity for either first time buy-to-let investors or experienced portfolio landlords.
MediaCityUK is extremely sought after for both investors and residents, with corporations such as the bbc, bupa and the University of Salford located on the doorstep, this is truly an area where innovative technologies and digital creativity have found a home. Over 60,000 people now work in the creative and digital industries in Greater Manchester, according to Amion, which forecasts that number will grow 27% by 2034.
The demand for accommodation in the area is continuing to grow, this also reflects in the increase of house prices in the area which have seen a rise in excess of £58,000 in the last 5 years alone (Zoopla – September 2018), No surprise as to why this is such a popular choice for investment!
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £10,500
Ground rent: £250
Service charge: £1,423
Lettings fees: £945
Net income: £7,882
Gross yield: 4.38%
Net yield: 3.28%
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-12706
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