1 bed flat for sale

Spinner House, 1A, Elmira Way, Salford M5

Spinner House, 1A, Elmira Way, Salford, M5 3Lh

Yieldit are pleased to welcome to the market a wonderful investment opportunity. Sold with tenant in situ and generating an impressive £995pcm rental income which represents a 6.6% net return with full management in place, this is an opportunity not to be missed.

Perfectly situated in the sought after and convenient area of Salford Quays, with MediaCityUK on the doorstep and Manchester city centre within easy reach and excellent transport links this property is sure to continue to be in demand on the rental market.

Positioned on the top floor of this low-rise and purpose-built apartment block, the apartment benefits from secure intercom entry and private balcony accessed via the living room. Internally consisting of; entrance hallway; double bedroom; three-piece bathroom suite; open plan living area; modern fully-fitted kitchen.

Located in one of the UK's most exciting rental landscapes, Salford Quays is the ideal home for the burgeoning number of young professionals living and working in Greater Manchester. MediaCityUK is a dynamic commercial centre, currently home to more than 8,700 businesses which employ over 127,000 people making MediaCityUK one of the best locations for young professional renters in the UK right now. Media City is the home of major corporations such as the BBC and itv, making the area the home to innovative technologies and a desirable location to invest. It is no surprise that there is a high demand of people wanting to move to this stunning waterfront locale, making it one of the most popular buy-to-let hotspots in the UK.

Financial Breakdown

Gross Rent: £11,940.00
Net income: £9,037.60
Gross yield: 8.72%
Net yield: 6.6%
Please contact agent for full financial breakdown.

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-07872