Apartment For Sale 

X1 Chapel Street, Chapel Street, Salford


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Property features

  • Date added: 18th March 2020
      Manchester has the UK and Europes largest education and university campus‘ and is home to over 85,000 domestic and international students. The student population alone makes up to 14% of the total population of Manchester. Boasting 100% occupancy for 2018/2019 X1 makes for a great investment for any investor looking for high returns and taking advantage of this investment type.

      3 x Student Studio apartments with shared kitchens in X1 Chapel Street, Manchester available to purchase separately at £58,000 each. This area has fantastic links to the University of Salford, Manchester Metropolitan University and The University of Manchester. The studios all comes fully furnished to a very high standard, and also have great views across the City. They all share a kitchen with 3 other rooms. There is an onsite site, laundry, secure bike storage and 24 hour security. The development was completed around 2013 and has enjoyed a full occupancy level since then.

      Investment Highlights
      Student tenants only (no professionals allowed to live in the building)
      Double en-suite rooms - 12.1 sq m
      Service charges - £1924 per annum
      Lettings fees - 8% + VAT
      Lease - 999 years from 2014
      Ground rent - £350 per annum
      Let at £135 pw x 48 weeks for academic year 2019 - 2020
      Net yield - 6.3%.
      Ground Floor
      24Hr Access to on-site Gym
      Safe & Secure Fob Access
      Salford Central(0.3 mi)
      Salford Crescent (0.6 mi)
      G-Mex (0.7 mi)

      A student en-suite pod

      X1 Chapel Street is in high demand with students as it features great facilities

      Please note: Images shown are of a show apartment and may not be representative of the property for sale.

      Tenure: Leasehold (999 years)
      Ground Rent: £250 per year
      Service Charge: £1,949 per year
      Residential Estates

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