About This Listing
2 bedroom apartment for buy on Michigan Point Tower – Ideal for owner occupiers or buy-to-let investors!
This well-presented 2 bedroom apartment for buy on Michigan Point Tower offers a fantastic investment opportunity or a perfect home. Located on the 20th floor, the corner-positioned 2 bedroom apartment for buy features ceiling-height dual-aspect windows, providing stunning, far-reaching views. Also, it includes secure allocated parking, an added benefit for residents and tenants alike.
Currently tenanted on a rolling monthly contract, this apartment generates a strong net yield of 7.1%, with a rental income of £1,580 per month (£18,960 annually). So, the service charge is £2,350 per year, and ground rent is only £250 annually, resulting in a net income of £16,360. The property is self-manages the vendor to keep costs low, adding to the attractive returns.
The spacious layout includes a hallway with a utility cupboard, an open-plan lounge, dining, and kitchen area. Also, the principal bedroom has an en-suite bathroom of 2 bedroom apartment for buy , while the second double bedroom shares a separate bathroom. The secure parking space is including, providing peace of mind and convenience.
Michigan Point Tower is perfectly situated at Salford Quays, right across from the water. So, the area offers a vibrant lifestyle with numerous restaurants, bars, and excellent transport links to the City Centre and beyond. The 2 bedroom apartment for buy towers remain highly popular with residents, ensuring continued demand for rental properties.
Residents benefit from excellent facilities, including an on-site gym, cinema room, and a Sainsbury’s Local on the ground floor. The apartment’s layout and location make it ideal for professional tenants, giving investors a reliable income stream. UK Properties.
Note to purchasers: Information is provided by the seller and should be independently verified. Mr Investa LTD accepts no responsibility for inaccuracies.
