Media City Uk, Manchester, Greater Manchester, M50
- PROPERTY TYPE
Studio
- SIZE
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Key features
- Buy-to-let investment property
- Studio apartment
- Current net yield: 7.2%
- Being sold with tenants in situ
- Strong rental income: £875pcm
- Tenure: Leasehold (250 years)
Description
Attractive Tenanted Studio Apartment | £115,000 | Long Lease| 7.2% Net Yield
Property Summary
A fantastic opportunity to acquire a high floor studio apartment in the iconic Number One Pink development in MediaCityUK. Positioned on the 19th floor, this modern studio offers impressive panoramic views across Salford Quays and sits in one of the most desirable rental locations in Greater Manchester.
The apartment is fully tenanted, with a new occupant recently moved in and paying £875 per calendar month, providing immediate rental income from completion.
Key Features
Studio apartment on the 19th floor
Stunning views overlooking the Quays
Modern, purpose-built waterside development
Fully tenanted at £875 PCM (no arrears)
Long lease - 234 years remaining
EWS1 Form B1 - Passed (fully mortgageable)
No known building works required
Secure, high-demand location in MediaCityUK
Financial Overview
Detail Amount
Asking Price £115,000
Lease Remaining 234 Years
Ground Rent (PA) £326.70
Service Charge (PA) £1,875.24
Current Rent (PCM) £875
Current Rent (PA) £10,500
Tenant Arrears None
Yield Calculation
Purchase Price: £115,000
Annual Rental Income: £10,500
Gross Yield: 9.13%
Annual Outgoing Costs: £2,201.94
Net Yield: 7.2%
This represents an exceptionally strong yield for MediaCityUK, especially with a long lease, low maintenance obligations, and a stable tenancy already in place.
Reasons to Invest
High Rental Demand in MediaCityUK
MediaCity remains one of the strongest rental markets in the North West, attracting professionals from the BBC, ITV, Ericsson, Kellogg's and a growing tech and digital sector. Studios here let quickly and achieve premium rents.
Immediate Income With a New, Reliable Tenant
The property is already tenanted at £875 PCM, with no arrears or payment issues. Investors benefit from income from day one without void periods or marketing costs.
Attractive 9%+ Gross Yield
At an asking price of £115,000, this apartment delivers a 9.13% gross yield, making it highly competitive compared to similar city centre investments.
Long Lease & Low Annual Costs
With 234 years remaining, the lease poses no medium term renewal risk. Ground rent and service charges are in line with local market norms for a modern high rise waterfront building.
Fully Mortgageable - EWS1 B1
The EWS1 Form B1 certification ensures the building is compliant with current cladding safety standards, increasing mortgage availability and supporting long term resale value.
Proven Capital Growth Area
MediaCityUK continues to see major ongoing investment, transport enhancements, and new commercial development - all contributing to strong capital appreciation trends.
Development Highlights
Secure entry and concierge
High speed lifts
Excellent access to Metrolink tram stops
Surrounded by bars, restaurants, cafés, gyms, and supermarkets
Minutes from Manchester city centre
Waterside location with scenic walks and public spaces
Conclusion
Apartment 1904, Number One Pink offers an outstanding opportunity for investors seeking a high-yield, low maintenance, fully performing property in one of Manchester's most prestigious and continually growing districts. With a secure tenancy in place, long lease, strong rental income, and excellent location, this is a truly hands off investment ideal for any portfolio.
- 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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Energy performance certificate - ask agent
Media City Uk, Manchester, Greater Manchester, M50
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Visit our security centre to find out moreDisclaimer - Property reference 1904-One-Building. 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 Pure, 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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