Embankment West, 2 New Kings Head... 2 bed apartment for sale

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Embankment West, 2 New Kings Head... 2 bed apartment for sale

Embankment West, 2 New Kings Head Yard, SALFORD, M3
£248,000

Our Summary

  • With 365 High Quality apartments the development was part of a £10 million regeneration project - one of the most impressive undertaken in Manchester city centre in recent years - Affinity Living Embankment West will become the highly desirable residential development at the very heart of this new district

Description

This 5th floor, 2-bedroom apartment in the Embankment West development offers a 7% rental yield, making it an attractive investment opportunity. Located in the city centre, just around the corner from the Corn Exchange, the apartment boasts stunning views of Greengate and Salford through its large floor-to-ceiling windows. With a leasehold of 250 years from 2021, the apartment also comes with a service charge of approximately £2,426.44 per annum and a ground rent of £521.41 per annum. Currently tenanted until July 2025, the apartment is available to both investors and owner-occupants, with mortgage buyers welcome. With a projected 7.74% rental yield at £1,600 per month, this property is an excellent opportunity for those looking to invest in the city centre.