Flat 314, Local Crescent, Salford

Pure Investor is delighted to bring to the market this 1-bed, 3rd-floor apartment in the very popular Local Crescent residence in Salford. Being one of the larger 1-bed apartments in the developments the living/kitchen space is particularly big and offers space for dining, cooking, and entertaining. The apartment comes with a tenant in situ who is currently paying £1100 pcm.

Local Crescent is a stand-out development from renowned Salford-based developers Salboy which offers the next level of luxe living for those looking to live or invest in Salford. The facilities on site include a heated swimming pool, cinema room, yoga studio, gym, laundrette, courtyard gardens, 24hr concierge, solarium, sauna & spa.

The apartment itself is located on the third floor with views back over Salford town centre & has a contemporary finish with best-in-class fittings. The accommodation comprises; an open plan living room/kitchen with breakfast bar, ample storage, large bedroom with a Jack & Jill bathroom suite.

Ideally situated just a few minutes walk to the City Centre, yet still within easy reach of Salford University, The Royal Hospital & Media City. This apartment really offers everything you need!

Investment Information

• Full address: Flat 314, Block C, Local Crescent, Salford, Manchester M5 4ZHNumber of bedrooms: 1

• Number of bathrooms: 1

• Purchase price: £193,000.00

• Rent per month: £1100.00

• Annual rental income: £13,200.00 per annum

• Service charge: £1,972.56 per annum

• Ground rent: £168.00 per annum

• Gross yield: 6.8%

• Leasehold: 250 years remaining from 5th October 2020.

• Council tax band: A

• EPC: B (83)

Payment Plan   

*         Reserve your unit with a signed reservation form Sourcing fee of £2,500 + VAT (50% paid upfront & the remaining 50% paid upon completion)
*         Provide certified ID, proof of address and proof of funds to Pure Investor
*         Solicitors instructed
*         Remaining balance due on completion

Flat 314, Local Crescent, Salford - Key Points

Location

Manchester, United Kingdom

Total Area

527 square foot

Tenure

Leasehold

Completion

Completed and tenanted

Rental Yield

6.3