Apartment , Ladywell Point, Pilgrims Way, Salford
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
Ask agent
Key features
- Fitted Kitchen
- Juliet Balcony
- Two Double Bedrooms
- Modern Third Floor Apartment
- Principal Bedroom With En-Suite
- Modern Family Bathroom
- Open Plan Living And Dining Area
- Allocated Parking Space
- Suitable For Investors Or First Time Buyers
- Close To Manchester City Centre
Description
The property is currently tenanted, achieving £1,030pcm, providing an attractive 9.8% gross yield. The tenant would be happy to remain should an investor purchase, offering an immediate rental income. Alternatively, the property can also be sold with vacant possession, making it an excellent opportunity for a first-time buyer or owner-occupier.
The well-presented accommodation comprises a welcoming entrance hall with a useful storage cupboard, a spacious open-plan living, dining and kitchen area with a Juliet balcony, two generous double bedrooms, with the principal bedroom benefiting from an en-suite shower room, together with a modern three-piece family bathroom.
Further benefits include an allocated parking space, secure communal entrance and a sought-after location close to local amenities, universities, hospitals and major transport links, making it an appealing choice for both investors and owner-occupiers.
Early viewing is highly recommended to appreciate the accommodation, location and investment potential on offer.
Council Tax Band: B (Salford City Council)
Tenure: Leasehold (235 years)
Ground Rent: £500 per year
Service Charge: £833 per year
Ground Rent amount (£500pa Fixed)
Lease remaining: 235 years
Service Charge payable: approx. £833pa (new managing agents so SC has reduced considerably - it used to be +£1,200pa)
Ground Rent Deed of Variation
Hall
Kitchen/diner
Living room
Bedroom 1
En-suite
Bathroom
Bedroom 2
Externally
Secure Gated Entrance
Seller's Comments
The Service Charge is in two parts:
Horizon who manage the building. It includes everything in the communal areas; block insurance is extra.
Zenith who currently manage the estate (grounds, parking, bins, gates); as soon as Block C moves from Zenith to Horizon then the grounds will be managed by Horizon
Ground rent is paid to the landlord, to the company (Freeholder) that owns the land that the block sits on. The GR has been fixed at £500 per annum via a Deed of Variation which has been registered with Land Registry.
Brochures
Brochure- 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.
- Undercroft
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Apartment , Ladywell Point, Pilgrims Way, Salford
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