Michigan Point Tower A, 9 Michigan Avenue, M50
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
2
- SIZE
689 sq ft
64 sq m
Description
Modern Third-Floor Two-Bedroom Apartment | Tenant in Situ | £1,200 PCM Rental Income
X1 Sales is delighted to present this modern and well-maintained two-bedroom apartment, located on the third floor of Tower A at X1 Media City. Situated in the heart of Salford Quays, this property represents an excellent opportunity for investors looking for a ready-made, income-producing investment.
The apartment is currently tenanted and achieving £1,200 per calendar month (£14,400 per annum), providing an attractive turnkey investment from day one.
Key Investment InformationTenant in situ until October 2026
Current rental income: £1,200 PCM | £14,400 per annum
Ground Rent: £250 per annum (subject to review in accordance with the lease)
Lease Term: 975 years less 5 days from 01.01.2016
Service Charge: £2,628.53 per annum, payable quarterly
EPC Rating: C
Two-bedroom apartment
Located on the third floor of Tower A
Fully furnished throughout
Indesit oven, fridge freezer and washer/dryer
Modern fixtures and fittings
Hyperoptic broadband pre-installed
Resident-only gym
Private cinema room
Communal kitchen and balcony areas for residents to enjoy and socialise
Ideally positioned in Salford Quays, X1 Media City benefits from excellent access to MediaCityUK and the wider Manchester area. Harbour City tram stop is located directly outside the development, providing convenient transport links.
Residents are also within easy reach of the on-site Sainsbury's, MediaCityUK, the BBC and ITV, as well as a wide selection of restaurants, bars and amenities. Booths supermarket, The Lowry theatre and shopping centre are also nearby.
A fantastic opportunity to acquire a fully let, two-bedroom apartment generating £14,400 per annum, in one of Greater Manchester's most established waterfront locations.
Please note: Images are for illustrative purposes only and may show a similar apartment within the development. They may not reflect the exact apartment offered for sale. Please contact us if you would like confirmation regarding the photographs.
- 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.
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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
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Visit our security centre to find out moreDisclaimer - Property reference a6d8406a-ba5f-47f0-86d1-00ead2d2652d. 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 X1 Sales & Lettings, Salford. 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.