Yieldit are delighted to introduce this fantastic 15th floor, two bedroom apartment at the prestigious development, Blackfriars to the market.
Blackfriars is an exclusive development located within Salford and was created by well know developer, Salboy. The apartment is within a short 5 minute walk from the central retail district and local transport links such as Victoria Train Station. The development itself offers residents a range of facilities such as a 27/7 concierge, bistro bar, gymnasium, cinema room, laundrette and a stunning communal gardens.
This generously proportioned two bedroom apartment is situated on the fifteenth floor of the development, and offers spacious accommodation throughout. The apartment comprises of a large open plan reception area which incorporates a contemporary high gloss kitchen with integrated appliances as well as access to balcony with fantastic views. The first double bedroom is accessed from the reception area and benefits from an en-suite bathroom. The second double bedroom is also accessed from the reception area, is of generous size and incorporates an ensuite bathroom. This apartment is finished to an excellent specification.
House price growth in Manchester has been some of the highest in the UK and its buy-to-let market is ranked the best in the country and throughout the pandemic, its economy has proven its resilience time and time again. Manchester’s population has boomed; add this to the exceptionally high graduate retention rate of 60% in this student city, as well as housing supply far outstripping demand and it creates the perfect climate for property investors. Lastly, as the heart of the Northern Powerhouse, Manchester is benefitting from large levels of investment. As well as the well-publicised HS2 project, there are also major redevelopment projects such as the £4billion Victoria North scheme underway.
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Financial Breakdown
Gross rent: £14,400
Ground rent: £350
Service charge: £2,150
Lettings fees: £1,296
Net income: £10,604
Gross yield: 4.36%
Net yield: 3.21%
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-03830
