Apartment 306 Transport House, 1 Crescent, Salford, Lancashire, M5 4JN
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Auction Date: 12th November - Please note you need to register to bid
- Current rent: £800 per calendar month (£9,600 per annum).
- Gross yield at current rent: 12% per annum
- Potential rent: £1,000+ per calendar month (£12,000+ per annum).
- Potential gross yield: 15%+ per annum.
- Please see legal pack for tenancy details
Description
Apartment 306, Transport House, 1 Crescent, Salford, M5 4JN
Two-Bedroom Investment Apartment Tenanted 12% Current Gross Yield Potential 15%+ Gross Yield
Description
Apartment 306, Transport House, 1 Crescent, Salford, M5 4JN
Two-Bedroom Investment Apartment Tenanted 12% Current Gross Yield Potential 15%+ Gross Yield
Town & Country Property Auctions are delighted to offer this two-bedroom apartment in Transport House, 1 Crescent, Salford, presenting an exciting opportunity for investors seeking an income-producing property with potential to enhance returns.
Situated on the western fringe of Manchester city centre, the apartment is ideally located for access to Spinningfields, Deansgate, Salford Central and the wider Manchester employment district. The surrounding area benefits from a range of local amenities, restaurants, leisure facilities and public transport connections, making it an appealing location for professionals and commuters.
The property is currently tenanted, generating £800 per calendar month (£9,600 per annum), providing an immediate rental income for the incoming purchaser. There is also potential to increase the rental income to in excess of £1,000 per calendar month, subject to market conditions, the tenancy arrangements and any applicable restrictions.
At the £80,000 guide price, the current rental income equates to an attractive 12% gross rental yield. Should the rental income reach £1,000 per calendar month, the gross yield would increase to 15% per annum, offering a compelling proposition for landlords looking to maximise their investment returns.
The two-bedroom configuration is well suited to the rental market, with potential appeal to professional tenants seeking convenient access to Manchester city centre and surrounding employment hubs.
Investment Summary
- Guide price: £80,000
- Current rental income: £800 pcm (£9,600 per annum)
- Current gross yield: 12%
- Potential rental income: In excess of £1,000 pcm
- Potential gross yield: In excess of 15%
This is an opportunity to acquire a tenanted apartment in a well-connected Greater Manchester location, with existing income and potential to improve the rental return.
Prospective purchasers should satisfy themselves as to achievable rental values and undertake their own due diligence regarding the lease, service charges, ground rent, tenancy arrangements and legal pack before bidding.
Gross yields are calculated against the guide price and exclude purchase costs, service charges, maintenance, management fees, void periods and other expenses. The potential rental figure is an estimate and is not guaranteed.
Leasehold
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Brochures
Legal DocumentsOnline Bidding- 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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Apartment 306 Transport House, 1 Crescent, Salford, Lancashire, M5 4JN
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About Town & Country Property Auctions, Manchester
First Floor, Swan Buildings, 20 Swan Street, Manchester, Lancashire, M2 5JW
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Visit our security centre to find out moreDisclaimer - Property reference 372325. 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 Town & Country Property Auctions, 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country Property Auctions, Manchester on 0161 570 0156.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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