Michigan Point Tower B, 11 Michigan Avenue, M50 2HG
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Tenanted investment opportunity
- Yielding near 7% NET
- Fully managed
- Sixth floor apartment
- One double bedroom
- Excellent transport links
- Shops, bars and amenities on the doorstep
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Description
This modern one-bedroom, one-bathroom apartment is located within the highly sought-after Michigan Point development in Salford Quays. Positioned on Michigan Avenue, the property benefits from excellent connectivity to MediaCityUK and Manchester city centre, making it a prime choice for tenants working in the area.
The apartment offers a contemporary open-plan living and dining space, complemented by a high-quality kitchen and bathroom. Finished to a modern standard throughout, it provides the style and convenience that young professionals demand in this thriving rental market.
From an investment perspective, this property delivers a strong return, achieving close to a 7% NET yield. With professional management already in place and the apartment fully tenanted, investors benefit from immediate rental income and a completely hands-off ownership experience.
MediaCityUK is a hub of culture, technology, and employment, home to the BBC, ITV, and numerous digital and creative businesses. Alongside its strong employment base, it offers an exciting lifestyle with waterfront dining, shopping, fitness facilities, and leisure attractions all within walking distance. The area’s modern infrastructure and excellent transport links into Manchester city centre make it one of the most desirable places to live in the North West.
With sustained tenant demand and long-term growth prospects, Salford Quays and MediaCityUK continue to attract both professionals and investors. This apartment at Michigan Point represents a secure, high-performing investment opportunity in a location where rental demand remains consistently strong.
Financial Breakdown
Gross Rent: £11,400.00
Net income: £8,346.34
Gross yield: 8.44%
Net yield: 6.18%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-08262
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Michigan Point Tower B, 11 Michigan Avenue, M50 2HG
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Visit our security centre to find out moreDisclaimer - Property reference YL-08262. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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