1 bedroom apartment for sale

X1 Media City, Michigan Avenue, Salford, M50 2HA

Full description

Size: 40 sqm

**PREMIUM 11TH FLOOR INVESTMENT OPPORTUNITY* A spacious one bedroom apartment on the 11th floor WITH A PARKING SPACE, the newly completed X1 Media City Tower 1 development in the heart of Salford Quays and the doorstep of MediaCityUK! more info...

An outstanding one bedroom apartment perfectly positioned on the 11th floor of the recently completed X1 Media City Tower 1 development in the heart of the picturesque Salford Quays and on the doorstep of MediaCityUK. With an allocated parking space!

This apartment comes fully furnished to a high standard and enjoys a modern and stylish finish with the added bonus of fantastic on site facilities including a gymnasium and cinema room.

The apartment offers luxury accommodation in one of the UK’s best rental locations, with corporations such as the BBC, BUPA and the University of Salford right on the doorstep in MediaCityUK. It’s unsurprising then that economic growth in Manchester has outstripped that in capital since 2014 according to the Financial Times and between January and March 2015, 1,393 new companies launched in Salford, an 85% increase on the previous year.

This is truly an area where innovative technologies and digital creativity have found a home, so it is no surprise that many people are moving to this stunning waterfront locale to be a part of it – as well as the UK’s de-facto second city Manchester being just a short tram journey away.

Plans to double the size of MediaCityUK only add to the need for high quality rental accommodation in the local area, making this is a fantastic buy-to-let opportunity for either a new or experienced investor.

Apartments at X1 Media City additionally benefit from expert block management from X1 Lettings who enjoy a large presence in the area and boast market leading tenancy rates, meaning you know your investment is in safe hands.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

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Key features

Key features 11th Floor Luxury Apartment
Key features Full Furnished
Key features Allocated Parking
Key features Cinema Room
Key features Gymnasium
Key features Communal Terrace
Key features In The Heart Of Media City
Key features Great Transport Links
Key features Close To Manchester City Centre

Financial Performance*

Purchase price £165,000
Gross rent £8,400
Ground rent £250
Service charge £918
Lettings fees £672
Net income £6,560
Gross yield 5.09%
Net yield 3.98%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

1 bedroom apartment for sale

X1 Media City, Michigan Avenue, Salford, M50 2HA,

Purchase price £165,000
Gross rent £8,400
Ground rent £250
Service charge £918
Lettings fees £672
Net income £6,560
Gross yield 5.09%
Net yield 3.98%

Full description

**PREMIUM 11TH FLOOR INVESTMENT OPPORTUNITY* A spacious one bedroom apartment on the 11th floor WITH A PARKING SPACE, the newly completed X1 Media City Tower 1 development in the heart of Salford Quays and the doorstep of MediaCityUK! more info...

An outstanding one bedroom apartment perfectly positioned on the 11th floor of the recently completed X1 Media City Tower 1 development in the heart of the picturesque Salford Quays and on the doorstep of MediaCityUK. With an allocated parking space!

This apartment comes fully furnished to a high standard and enjoys a modern and stylish finish with the added bonus of fantastic on site facilities including a gymnasium and cinema room.

The apartment offers luxury accommodation in one of the UK’s best rental locations, with corporations such as the BBC, BUPA and the University of Salford right on the doorstep in MediaCityUK. It’s unsurprising then that economic growth in Manchester has outstripped that in capital since 2014 according to the Financial Times and between January and March 2015, 1,393 new companies launched in Salford, an 85% increase on the previous year.

This is truly an area where innovative technologies and digital creativity have found a home, so it is no surprise that many people are moving to this stunning waterfront locale to be a part of it – as well as the UK’s de-facto second city Manchester being just a short tram journey away.

Plans to double the size of MediaCityUK only add to the need for high quality rental accommodation in the local area, making this is a fantastic buy-to-let opportunity for either a new or experienced investor.

Apartments at X1 Media City additionally benefit from expert block management from X1 Lettings who enjoy a large presence in the area and boast market leading tenancy rates, meaning you know your investment is in safe hands.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Key features

Ticks11th Floor Luxury Apartment
TicksFull Furnished
TicksAllocated Parking
TicksCinema Room
TicksGymnasium
TicksCommunal Terrace
TicksIn The Heart Of Media City
TicksGreat Transport Links
TicksClose To Manchester City Centre

Amenities

Bicycle Storage Bicycle Storage
Bus Bus
City Centre City Centre
Close To Public Transport Close To Public Transport

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.