Studio Flat For Sale £130,000
X1 Media City Tower 1, Michigan Avenue, Salford M50

We are pleased to present this large luxurious self contained studio apartment ideally positioned on the 24th floor of the newly completed X1 Media City Tower 1 development on the doorstep of MediaCityUK – the home of both the bbc and itv.

This spacious apartment comes fully furnished and enjoys a modern finish alongside enviable onsite facilities such as a gymnasium, cinema room and private dining area with terrace for residents to enjoy.

X1 Media City Tower 1 boasts one of the best locations for young professional renters in the UK right now. Offering a host of shops, bars and restaurants within walking distance of this impressive development, as well as the Lowry Theatre and the Imperial War Museum North just minutes away.

Residents will also have fast access to all that Manchester city centre has to offer via the Harbour City Metrolink tram stop which is ideally positioned outside of the development.

Property prices in Salford are up by over 40% in the last five years alone (Zoopla - September 2018), and industry experts anticipate that Greater Manchester will need at least 200,000 new homes by 2040 to meet anticipated economic and population growth – making now a fantastic time to invest!

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

Financial Breakdown

Gross rent: £8,100
Ground rent: £250
Service charge: £643
Lettings fees: £729
Net income: £6,478
Gross yield: 6.23%
Net yield: 4.98%

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-12704

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