Apartment

Bexley Square, 
Salford, 
m3 6bz
Purchase price
£55,000
  • Tenanted
EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY YIELDING OVER 8% NET! - CASH BUYERS ONLY! Fantastic studio apartment for sale situated on the ground floor of the Grade-II listed former town hall in Salford - X1 Town Hall
  • Financial Performance*
Gross rent
£11,700
Ground rent
£500
Service charge
£3,739
Lettings fees
£918
Net income
£6,543
Gross yield
21.27%
Net yield
11.9%
  • Key Features
  • Cash buyers only
  • Buy to let investment opportunity
  • Spacious studio
  • Fully furnished
  • Double bed
  • Fully fitted kitchen with appliances
  • Sought after development
  • Close to Manchester city centre

Formerly a Magistrates Court and Town Hall, this beautiful Grade II listed building underwent an extensive refurbishment to transform it into 122 luxury residential apartments, re-branded as X1 Town Hall.

This modern apartment is accessible via a secure keyless entry system and comprises a bright and airy open-plan living space including a fully fitted kitchen and a stylish modern bathroom.

X1 Town Hall also includes communal facilities for tenants, such as private on-site gym, lift access to all levels, a management office, CCTV fitted in all communal areas and super-fast Wi-Fi throughout. This development is situated close to Manchester and Salford city centres, as well as MediaCityUK.

Salford is a city where innovation, leadership and partnership working are contributing significantly to the increased economic vitality, growth and competitiveness of Greater Manchester and the region as a whole. Part of the Northern Powerhouse, it is an integral player in Greater Manchester, ambitious growth and devolution agenda.

This is an excellent opportunity for either first time buy-to-let investors or experienced portfolio landlords. Please note: In line with the Renters Reform Act, student tenancies are let on periodic agreements rather than fixed-term contracts. Figures are illustrative of a 44-week term in line with the academic year but are subject to change. Please enquire for further information.

  • Financial Performance *
Gross rent
£11,700
Ground rent
£500
Lettings fees PA
£918
Service charge
£3,739
Net income
£6,543
Gross yield
21.27%
Net yield
11.9%

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Apartment

Bexley Square, 
Salford
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*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
  • Location
  • EPC