Description
A Stylish fifth floor Studio Apartment available within a popular building in Salford Quays which would suit an investor or a first time buyer! There is currently a tenant insitu paying £775 pcm giving a rental yield of 8.8%. This could be increased to over 9% due to the rent demands reaching around £800 pcm in this development.
The apartment comprises, a good proportioned open plan living space with attractive fixtures and fittings and a range of fitted kitchen units and a modern bathroom suite. There is a large Balcony and ample storage in the apartment.
Abito is within close proximity to the Metrolink, Old Trafford and Manchester City Centre.
The property is suitable for investment purchasers with a tenant in situ or first time buyers who are looking to get onto the property ladder
Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 150
Time left of Lease: 133
Service Charge currently is around £125 p.c.m or £375 per quarter
Ground rent £100 p.a
Current Tenancy ends October 2024
Leasehold Information
Number of years remaining on the lease: 133 years
Current ground rent and any review period:
- £100 per year
Current service charge and any review period:
- £125 per month
Council tax band: B