Lowry Wharf, Salford M5 2 bed apartment for sale

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Lowry Wharf, Salford M5 2 bed apartment for sale

Lowry Wharf, Derwent Street, Salford, Greater Manchester, M5
£150,000

Our Summary

  • *INVESTMENT OPPORTUNITY* Stunning two double bedroom apartment to let in Lowry Wharf, brand new development on the edge of the city in Salford off Regent Road
  • Lease remaining- 125 yearsService charge- £1,688 paGround rent- £330 paThis property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period
  • INVESTMENT OPPORTUNITY
  • Investment opportunity

Description

This is an investment opportunity to let a stunning two double bedroom apartment in Lowry Wharf, a brand new development on the edge of Salford. The apartment is finished to a high standard and features a large open-plan lounge, kitchen, and dining space, as well as two double bedrooms, a family bathroom, and an en-suite to the master bedroom. The property also comes with a gated, allocated car parking space. The current long-term tenant is paying £1,100 per calendar month, generating a 7.5% yield. The lease has 125 years remaining, and the service charge is £1,688 per annum, with a ground rent of £330 per annum. The property is being sold through a Modern Method of Auction, allowing for a quick and efficient sale within a 56-day reservation period.