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2 bedroom apartment for sale

Trafford Road, Salford


Property Description

Key features

  • Investment opportunity, sale and leaseback scheme.
  • 5% annual net return
  • Five year full repair and maintaining lease.
  • Completed development, part conversion and part new build.
  • Two communal landscaped gardens
  • Only 0.4 miles to Anchorage Quay Metro Station
  • Close to Salford Quays and Manchester City Centre

Full description

Quay House is a stunning development of 41, one and two bedroom apartments with 21 available for purchase on a sale and leaseback scheme. Each Apartment has the benefit of a five-year full insuring and repairing lease agreement earning a 5% net return

The Quay House development consists of 41 apartments in a new build with generously proportioned rooms and a conversion, retaining original features such as exposed brickwork and high ceilings. Each Apartment has the benefit of a five-year full insuring and repairing lease agreement earning a 5% net return

From our City Centre branch turn left into Hulme Street, at the junction with Cambridge Street turn left. Take the third exit off the roundabout, get into the right hand lane and proceed ahead following signs for Salford Quays and the Lowry. Proceed up Regents Road to the next roundabout, take the the first exit. Continue down Trafford Road and take the second left onto Crowther Ave and the building can be observed on the right hand side on the corner of Crowther Ave and Trafford Road. 

The Quay house development is part conversion with stunning original features, such as exposed brick work and high ceilings and part new build where the apartments have generously proportioned rooms. The Development is situated close to Salford Quays and under a mile from the Anchorage Quay Metrolink stop.

Each of the 21 one and two bedroom apartments we are offering for sale are available on a sale and leaseback scheme. This means buyers earn a 5% net return annually and have the added peace of mind that your new investment has the benefit of a five-year full insuring and repairing lease agreement, meaning the tenant will look after all aspects of maintenance and up keep for the property. 

Each Apartment 

How does Leaseback work at Quay House?

Put simply, you buy an apartment and then lease it back to the developer. The apartments have been let on a five year, full repair and maintaining lease so all property maintenance and upkeep during this period is the responsibility of the Tenant making for a fantastic, hassle-free investment. The assured net return is 5% net annually for five years. Once the five year term ends, owners have the opportunity to retain the property or to sell.

What is the potential for capital appreciation  for properties bought on a sale and leaseback scheme?

Properties bought on a sale and leaseback scheme have the same potential for capital appreciation as any other property purchase.  Choosing an area where there are a number of new developments, regeneration planned or which is viewed as ‘up and coming’ can all result in property values increasing over a number of years

Quay House is located on the edge of Salford Quays a well established and popular area. In close vicinity you will find a large number of developments in construction and also planned for the future. 

AT A GLANCE                  

Accommodation: Two bedroom apartments                               

Size range: 56.5 sq m - 63.7 sq m                                                                        

Income: Rental yields 5% net GUARANTEED FOR 5 YEARS      

Lease: 250 years from 2016              

Price: £167,500                  


Type A - floor plan 1

Size: 63.7 sq M

Apt no and location within Quay House:

Apt 1 - Ground floor, conversion

Apt 7 - First floor, conversion 

Apt 13 - Second floor, conversion

Type B - floor plan 2

Size: 60 sq m

Apt no and location within Quay House:

Apt 2 - Ground floor, conversion

Apt 8 - First floor, conversion 

Apt 14 - Second floor, conversion

Type C - floor plan 3

Size: 61.5 sq m

Apt no and location within Quay House:

Apt 10 - First floor, conversion

Apt 16 - Second floor, conversion 

Type D - floor plan 4

Size: 61.9 sq m

Apt no and location within Quay House:

Apt 5 - Ground floor, conversion

Apt 11 - First floor, conversion 

Apt 17 - Second floor, conversion 

Type E - floor plan 5

Size: 56.5 sq m

Apt no and location within Quay House:

Apt 3 - Ground floor, conversion

Apt 9 - First floor, conversion 

Apt 15 - Second floor, conversion 

Please note the images shown are from a selection of apartments in the development. Floor plans shown are 1 - type A, 2 - type B, 3 - type C, 4 - type D, 4 - type E a layout of the development is available on request.

Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

Listing History

Added on Rightmove:
09 November 2016

Map & Street View

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