Media City, Michigan Point Tower A, M501-bed studio for sale in Sales

About this property

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: £1,314.27 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)

Images are for illustrative purposes only and MAY show a similar unit within the development. The images MAY not reflect the exact apartment for sale. Please ask if you would like us to confirm if the images reflect the actual apartment.

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