Cross Lane, Manchester, Greater Manchester, M5
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Key features
- Buy-to-let investment property
- Two bedroom apartment with two bathrooms
- Current net yield of 5.6%
- Being sold with tenant in situ
- Strong rental income of £1,375pcm
- Leasehold: 250 years from 1st Jan 2022
Description
Commerce Quay represents a low maintenance, income generating residential investment within one of Greater Manchester's strongest rental markets. Sold with a reliable tenant in situ, zero arrears, and no known building works, this is a turnkey asset offering immediate returns and long term stability.
Situated in a newly completed riverside development with premium on site amenities, Commerce Quay continues to attract high quality tenants and strong rental demand.
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Yield Analysis for Investors
Gross Yield
* Annual Rent: £16,500
* Purchase Price: £245,000
* Gross Yield: 6.73%
Net Yield
Operating costs:
* Service Charge: £2,550
* Ground Rent: £250
* Total Annual Costs: £2,800
Net income: £13,700
Net Yield: 5.59%
Net Yield: approx. 5.6%
These figures position B610 as a strong, hands off investment in a high growth rental corridor.
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Key Investment Highlights
* Tenanted Investment generating £1,375 PCM
* Zero Tenant Arrears
* 250 year lease from 1 January 2022
* Strong net yield of 5.6%
* No known upcoming building works
* Fully amenitised new build development
* Located in a high demand rental market within Greater Manchester
* One of few apartments with it's own balcony/terrace which tenants can sit out on with river views
* Ideal armchair investment
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Development Features: Designed for Long Term Tenant Demand
Commerce Quay offers a modern lifestyle package that enhances occupancy and supports rental growth.
On Site Amenities
* Reception & Concierge
* Fully Equipped Gymnasium
* Balconies & Terraces within the development
* Superfast Broadband infrastructure
* Commercial Units on the ground floor
* Riverside views
* Beautifully landscaped public square
* Secure, modern communal areas
These premium facilities ensure ongoing appeal to professional tenants seeking convenience, connectivity, and quality.
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Property & Lease Information
Detail Information
Tenure Leasehold
Lease Length 250 years from 1/1/2022
Ground Rent £250 per annum
Service Charge £2,550 per annum
Current Rent £1,375 PCM
Tenant Arrears None
Known Building Works None
Restrictions on Resale None known
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Why Salford? Why Now?
Salford continues to outperform national averages in both rental growth and demand due to:
* Proximity to MediaCityUK
* Ongoing regeneration across Salford Quays & Ordsall
* A strong professional tenant base
* Sustained capital appreciation trends across Greater Manchester
This combination positions B610 as a stable income asset with strong long-term prospects.
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LET PURE INVESTOR TAKE THE STRAIN AWAY ...
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
* Fully managed lettings and property management service
* Comprehensive coverage throughout England and Wales
* One team, one fee across your full portfolio
* Rental income protection available
* Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel:
- 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
Cross Lane, Manchester, Greater Manchester, M5
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Visit our security centre to find out moreDisclaimer - Property reference Commerce-Quay-Salfrord. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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