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Get brand editions for Philip James Manchester, Manchester

Broadway, Salford Quays, Manchester, M50

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • ***INVESTMENT PROPERTY***
  • EWS1 in place
  • 9% Yield
  • Excellent rental return
  • Fourth Floor Apartment
  • Two Bedrooms
  • Secure Car Parking
  • Modern Interior
  • Corner Apartment
  • Views To Media City

Description

***INVESTMENT OPPORTUNITY***
*TENANT IN SITU* RENT £1200 P/M* *10% YIELD* *SIMPLE AND EASY INVESTMENT* *512 SQFT*

An excellent opportunity to acquire a high-yielding two-bedroom apartment in Salford Quays, currently generating £1,200 per calendar month, equating to an impressive 10% gross rental yield at the asking price.

The property represents an attractive long-term investment opportunity, combining strong rental income with a highly desirable location and excellent tenant demand.

The apartment comprises two spacious double bedrooms, a modern bathroom and a generous open-plan living, dining and kitchen area. The property also benefits from a secure allocated parking space, adding further appeal to professional tenants.

Located within easy walking distance of everything Salford Quays has to offer, the apartment is ideally positioned for MediaCityUK, local restaurants, bars, cafés, leisure facilities and excellent transport links. Manchester City Centre is also within easy reach, making the property particularly attractive to professionals working across both Manchester and Salford.

Importantly for investors, the building has an EWS1 form in place, providing additional certainty for purchasers and lenders.

Service Charge : £1,990 PA
Ground Rent : £175 PA



Available NOW. NO AGENCY FEES! A well presented fourth floor corner apartment part of this popular development at Broadway at Salford Quays. With two bedrooms the apartment is ideal for sharers. The development is securely gated and the apartment comes with a car parking space. The accommodation comprises; entrance hallway, living room with views towards Media City and open plan fitted kitchen, good sized master bedroom, second single bedroom and a bathroom. Viewing is recommended.

Development

Broadway consists of 180 one and two bedroom apartments arranged over five storeys within three buildings Madison Court, Hudson Court and Lexington Court. The development is located just minutes walk from Anchorage Quay Metrolink station and directly out side the gates is the main bus stop with local buses arriving every few minutes. Broadway was built in 2009 by Prospect GB who are well known for their style and specification within the suburban areas they have built in. You can access Manchester City centre within approx 20 minutes and the main road links are just a few minutes drive which access the south of Manchester and also out to the M602 which leads to the M62 motorway.

Hallway

Laminate wood effect flooring, video entry system, wall mounted electric heater, ceiling lighting, storage cupboard housing hot water tank and washing machine. Doors into:

Communal Areas

There is one allocated parking space per apartment which are located in between and underneath the three buildings throughout the development. The main gates are accessed via a fob entry systems which give optimum security with CCTV linked through to an external security company. There are communal garden areas for the residents to enjoy BBQ and sunbathing throughout the summer months. As you access the entrance to each building you will find the postboxes within this area and two further doors one which access the parking area under the building and the other door is a secured door with fob access which leads to the lift and staircase which service all floors and apartments.

Living Room/Kitchen

5.2m x 3.33m

Double glazed window to front aspect, wall mounted electric heaters, laminate wood effect flooring. A range of wall and base units with rolled edged surfaces, stainless steel single sink unit with drainer, built in fridge/freezer, electric oven and hob with extractor over, dishwasher and ceiling lighting.

Bedroom One

3.2m x 3.15m

Double glazed window to front aspect, wall mounted electric heaters and carpeted flooring

Bedroom Two

2.62m x 2.44m

Double glazed window to rear aspect, wall mounted electric heater and carpeted flooring.

Bathroom

2.26m x 1.7m

Three piece suite comprising of; side panelled bath with shower over, glass shower screen, wash hand basin, WC, tiled floors and walls, fitted mirror, heated towel rail and extractor.

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: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
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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Broadway, Salford Quays, Manchester, M50

Approximate location

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Affordability

Monthly repayments£718
Property: £ 143,000
Deposit: £ 14,300
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About Philip James Manchester, Manchester

Ground Floor, Oxid House, 78 Newton St, Manchester, M1 1AL
Industry affiliations:

Our Manchester Sales office is based in a prime location on Deansgate. We understand that customers expect an estate agent who is dynamic, driven, has innovative sales and marketing ideas and achieves results. Our dedicated team of property professionals cover City Centre, Salford Quays and some bordering residential areas. Extended opening hours through the week mean you can view a property at your convenience, and accompanied are available Mon-Thurs until 8pm and Fri-Sat until 5pm.

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Disclaimer - Property reference CCL261070. 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 Philip James Manchester, 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.
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