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1.05 Rivergate, Wilburn Basin

Manchester, United Kingdom

£179,950.00

Investment Type: BUY-TO-LET

Est. Completion: AVAILABLE

Investment Information

  • Full address: 1.05 Rivergate, Wilburn Basin, Salford, Greater Manchester M5 4XP
  • Asking price: £176,950.00
  • Tenure: Leasehold, 250 years from 2016
  • Number of bedrooms: 1
  • Number of bathrooms: 1
  • Open-planned kitchen living space
  • Tenants in situ
  • Contract length: 6 months (been renewed in June 2023)
  • Name of letting management company: Select -
  • Current rental income: £900.00pcm
  • Gross rental income: £10,800.00 per annum
  • Yield: 6.1%
  • Service charge: £722 per annum
  • Ground rent: £300 per annum
  • Council tax band: B
  • EPC rating: C
  • Available for mortgage and cash buyers

Portfolio8 is delighted to bring to the market this 1-bedroom 1st-floor apartment in the beautifully constructed Wilburn Basin. The apartment block is one of the more iconic and eye-catching developments in Manchester city centre. Wilburn Basin is positioned where Manchester meets Salford, a five-minute stroll from the Castlefield district of Manchester city centre.

The development comprises four towers, each offering fantastic views across the city. All the one-, two- and three-bedroom apartments are built to a high specification and duplex penthouses also include private roof terraces. Residents' amenities include a 24/7 concierge, a gym, cinema, a residents' lounge, and meeting rooms. Externally, there are landscaped gardens and seating areas around the River Irwell, as well as secure gated access to the river.

Video - 1.05 Rivergate, Wilburn Basin

https://my.matterport.com/show/?m=QSjCB9Axc11

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