Studio for sale in Michigan Point Tower B, 11 Michigan Avenue Salford M50, £115,000

115,000.00

Offer Nr.:
66168365
Type of ad:
for Sale
Property type:
Studio
Bathrooms:
1
Reception rooms:
1
Contact name:
Yieldit
Phone(s):
0161 506 6169

This luxurious studio apartment is located in Tower B of the sought after X1
Media City development, one of the premier residential developments in the
North West which is home to 1, 100 apartments spread across four magnificent
towers. The towers overlook Salford Quays and MediaCityUK, meaning that they
are located in one of the most exciting areas in the UK. With corporations
such as the BBC, bupa and the University of Salford having headquarters here,
this is truly an area where innovative technologies and digital creativity
have found a home, and young professionals are moving to this stunning
waterfront locale to be a part of it.
The X1 Media City development has been completed to the highest possible
standard and residents are able to take advantage of on - site facilities such
as a private gymnasium. The local area also provides all of the amenities and
cultural sights one could need, as well as providing direct access to the
nearby city of Manchester via the tram service which is located adjacent to X1
Media City. All apartments will be let and managed by the award - winning X1
Lettings, ensuring the best possible service for both investors and tenants.
The location at MediaCityUK, found in the heart of Salford Quays, truly
contributes to the cosmopolitan vibe of the development, as it is increasingly
becoming the place - to - be for creative and digital businesses. Don't miss out
on this chance to invest in property in Salford Quays and enquire today.
**Financial Breakdown**
Gross rent: £9, 000
Ground rent: £250
Service charge: £993
Net income: £7, 757
Gross yield: 7. 83%
Net yield: 6. 75%
**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 - 07609

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)