Studio for sale in Salford M3, 1 Bedroom

We are pleased to present this fabulous investment opportunity, offering a student en-suite pod in the sought-after development X1 Chapel Street in Salford.

The student pod features a well sized double room designed and furnished to the highest specification with an en-suite and views of the city. The building X1 Chapel Street is in high demand with students as it features great facilities such as a private onsite gym for residents and onsite laundry services. In addition, the building offers a secure entry system, onsite security 7 days awake and secure bike storage.

X1 Chapel Street is located in the revitalised Chapel Street area of Manchester has great links to the University of Salford, Manchester Metropolitan University and The University of Manchester.

The city also has the UK and Europe’s largest university campus and is home to over 85,000 domestic and international students with the student population making up close to 14% of Manchester alone. With the student population in the city so high, equally is the demand for student accommodation developments such as X1 Chapel Street. Boasting 100% occupancy for 2018/2019 it makes for a great investment opportunity offering even better returns.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Assured rent: £4,396
Ground rent: Included*
Service charge: Included*
Lettings fees: Included
Assured income: £4,396
Assured until: Aug 2019
Assured yield: 6.76%

Important Note To Purchasers

*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-12865