0 Bed Not Specified For Sale

Stunning 5th floor studio apartment, in the heart of MediaCityUK. Ready made investment with tenant and management company in place!


X1 Presents: 5th Floor Studio Apartment at MediaCity Tower A

Property Details
Located in the vibrant MediaCityUK
Studio apartment, ideal for working professionals
Secure entry with CCTV
EWS1 approved – no cladding works required

Furnishings & Appliances
Fully furnished
Indesit oven and fridge/freezer
Modern interior design
Hyperoptic broadband installed

Charges & Investment
Asking price: £105,000
Rental income: £895 pcm
Full letting management: 9% + VAT
Ground rent: £250 per annum (subject to lease increases)

Long Lease -
975 years less 5 days commencing on 01.01.2016

Service charge: £1,267.23 per annum
Gross yield: ~10.2%
Net yield (after costs): ~7.7%

Facilities
On-site gym
Cinema room
Communal kitchen, laundry room, and balcony spaces

Local Area
Harbour City tram stop on the doorstep
MediaCityUK including BBC, ITV, Booths, Lowry Shopping & Theatre
Variety of local bars and restaurants
Quayside location with scenic views

Tenancy Details
Currently tenanted at £895 per month
Long-term tenant on a rolling contract (providing flexibility for sale)