Michigan Tower

Pure Investor brings to the market this stunning three-bedroom apartment set in the heart of Salford Quays.

Ideal for first-time buyers, young professionals and buy-to-let landlords looking for a move-in-ready property. The apartment is within walking distance of all that Salford Quays and Media City have to offer including bars, restaurants, supermarkets and general local amenities. Harbour City, Broadway and Anchorage tram stops are all within walking distance. The property has a gymnasium, television room and outside space for the use of all the residents.

INVESTMENT INFORMATION

• Asking price: £260,000.00
• Currently vacant. The landlord is in the process of looking for a new tenant but is happy to keep their options open to a potential buyer.
• Expected rental income: £1,600.00pcm (£19,200.00 per annum)
• Expected gross yield: 7.4%
• Expected net yield: 6.0%
• Leasehold: 975 years from 2016
• 2024 Service charge: £3,474.23 per annum
• Ground rent: £250.00 per annum
• Council tax band: D
• EPC rating: B
• 3rd floor