Lexington Court, Broadway, Manchester
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Description
An excellent opportunity to acquire a tenanted apartment in the heart of Salford Quays, one of Greater Manchester’s most established and high-demand rental locations.
The property is currently let at £875pcm (£10,500 per annum) and offers a long lease of approximately 140 years remaining, making it a secure and attractive long-term investment.
Investment Figures
Annual Rent: £10,500
Service Charge: £1,969.36
Ground Rent: £300
Total Annual Costs: £2,269.36
Net Income: £8,230.64
Net Yield: 6.98% (based on £118,000 guide price)
Location & Area Overview
Located within Salford Quays, the property sits in a thriving waterfront district widely regarded as one of the North West’s premier investment hotspots.
Walking distance to MediaCityUK – home to major employers including the BBC and ITV
Excellent connectivity via Metrolink with direct access to Manchester city centre
Surrounded by restaurants, bars, gyms, and leisure attractions
Strong appeal to young professionals and corporate tenants
Continued regeneration and infrastructure investment driving long-term growth
Why This is a Strong Investment
Strong net yield – approx. 6.98%
Tenant in situ – immediate income from day one
Prime rental location with consistent demand
Long lease (140 years remaining)
Proven rental history in a sought-after development
Low void risk due to proximity to MediaCityUK
Excellent entry price point for investors
Summary
This is a turnkey buy-to-let investment offering an attractive net return in a proven rental location. With a tenant already in place, a long lease, and a competitive guide price, this property represents an ideal addition to any investor’s 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.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- 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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Lexington Court, Broadway, Manchester
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Visit our security centre to find out moreDisclaimer - Property reference 508-lexington. 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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