Description
This modern and spacious apartment is ideally located on the second floor of the popular X1Town Hall development; a stunning refurbishment of the Grade II listed Salford Town Hall.

The apartment is accessible via a secure keyless entry system, and is a bright and airy open-plan living space including a fully-fitted kitchen and a stylish modern bathroom. This studio is offered on a fully furnished basis and tenants can make the most of its allocated parking space.

X1 Town Hall also includes communal facilities for tenants, such as private on-site gym, lift access to all levels, a management office, CCTV fitted in all communal areas and super-fast Wi-Fi throughout. This development is situated close to Manchester and Salford city centres, as well as MediaCityUK.

Greater Manchester has more 25-29-year olds living in the region than anywhere else in the UK – a group that are increasingly choosing to rent over a long term alternative to buying. With the number of 25 to 35 year olds choosing to rent having doubled in the last 11 years or so there is a clear trend emerging– particularly in Salford where demand far outstrips supply.

Property prices in Salford are up by over 40% in the last five years alone (Zoopla, May 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!

X1 Town Hall is block management by X1 Lettings who are experts in lettings within the North West in particular and have market leading tenancy rates across all of their sites.

This is an excellent opportunity for either first time buy-to-let investors or experienced portfolio landlords.

Financial Breakdown

Gross rent: £5,397
Ground rent: £250
Lettings fees: £432
Net income: £5,397
Gross yield: 5.29%
Net yield: 5.29%

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-11605

Follow the link for more information:
        
zoopla.co.uk

  
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