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Studio flat for sale

X1 Media City, Michigan Avenue, M50 2GY

Sold STC £125,000

Property Description

Key features

  • Fully furnished
  • Fitted kitchen
  • Highly sought after location
  • Private gym
  • Tram stop close by
  • Let and managed by X1 Lettings
  • Manchester city centre nearby
  • UK property hotspot
  • Overlooking Salford Quays and MediaCityUK

Full description

X1 Media City is one of the premier residential developments in the North West and will provide 1,100 apartments spread across four magnificent towers to the private rental market. The towers will overlook Salford Quays and MediaCityUK, meaning that they are located in one of the most exciting areas in the UK. With corporations such as the BBC, BUPA and the University of Salford having headquarters here, this is truly an area where innovative technologies and digital creativity have found a home, and young professionals are moving to this stunning waterfront locale to be a part of it.

X1 Media City Tower 1 was the first of the four towers to be launched, and it is now completed and occupied. The 275 large apartments have been finished to the highest possible standard and residents are able to take advantage of on-site facilities such as a private gymnasium. The local area also provides all of the amenities and cultural sights one could need, as well as providing direct access to the nearby city of Manchester via the tram service which is located adjacent to X1 Media City. All apartments will be let and managed by the award-winning X1 Lettings, ensuring the best possible service for both investors and tenants.

The location at MediaCityUK, found in the heart of Salford Quays, truly contributes to the cosmopolitan vibe of the development, as it is increasingly becoming the place-to-be for creative and digital businesses. Salford, part of Greater Manchester, was crowned by the Guardian in 2014 as the “UK’s property hotspot”, due to its property values having risen faster than anywhere else in the country.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £8,100
Ground rent: £250
Service charge: £918
Lettings fees: £778
Net income: £6,155
Gross yield: 6.81%
Net yield: 5.17%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-13047

Listing History

Added on Rightmove:
19 November 2018

Map & Street View

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