Studio Flat For Sale £95,000
Formerly a Magistrates Court and Town Hall, this beautiful Grade II listed building underwent an extensive refurbishment to transform it into 122 luxury residential apartments, re-branded as X1 Town Hall.
This modern studio apartment is accessible via a secure keyless entry system and comprises of a bright and airy open-plan living space including a fully-fitted kitchen and a stylish modern bathroom. The apartment comes fully furnished.
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.
Property prices in Salford are up by over 40% in the last five years alone (Zoopla, November 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 area and beyond, 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: £9,300
Ground rent: £250
Service charge: £2,267
Lettings fees: £744
Net income: £6,039
Gross yield: 9.79%
Net yield: 6.36%
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-05952
This modern studio apartment is accessible via a secure keyless entry system and comprises of a bright and airy open-plan living space including a fully-fitted kitchen and a stylish modern bathroom. The apartment comes fully furnished.
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.
Property prices in Salford are up by over 40% in the last five years alone (Zoopla, November 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 area and beyond, 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: £9,300
Ground rent: £250
Service charge: £2,267
Lettings fees: £744
Net income: £6,039
Gross yield: 9.79%
Net yield: 6.36%
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-05952
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