This property has been taken off the market.

3 Bed Flat For Sale Trafford Road, Salford, M5

£300,000- Flat

1 of 15
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Last Updated: 31st January 2024

Description

OVER 5% NET YIELD!\r
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EXCELLENT PROPERTY INVESTMENT!\r
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Mr Investa are pleased to present to the market this 4th Floor, Corner Positioned, 3 DOUBLE BEDROOM APARTMENT WITH PRIVATE BALCONY & PARKING INCLUDED! FULLY FURNISHED.\r
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Located on the 4th floor of an impressive building, X1 Gateway, this popular development stands in a prime location within close proximity to Manchester City Centre & MediaCityUK/Salford Quays. This is an ideal property investment opportunity. Call us now for more information.\r
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EWS1 Form available.\r
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The property is within close proximity to a variety of shops, bars and restaurants in Salford Quays/MediaCityUK, including the Lowry Theatre and Lowry Outlet Mall, whilst Manchester City Centre is also easily accessible. For commuters, Salford Quays Metrolink stop is conveniently located just across the road from the building!\r
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Current Financial Performance\r
Rental Income: £1,700pcm / £20,400 per annum\r
Ground Rent: £350 per annum\r
Service Charge: £2,845 per annum\r
Lettings Fee 8% + VAT: £1,958.40 per annum\r
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NET Income: £15,246.60\r
NET Yield: 5.1%\r
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NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.
Agent Details
Mr Investa Ltd
Mr Investa, Blue Tower, MediaCityUK, M50 2ST

Investment Analysis

Annual Rent:
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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested