X1 Lettings are delighted to bring this fully furnished student investment property to the market with a long standing property management company in place to maximise rental income.
This student property is located on the first floor and residents can enjoy access to a communal gardens, patio area and onsite gym.
Apartment 6E is fully furnished with a tenant in situ until August 2021 ensuring the new purchaser can enjoy a rental income immediately.
-Tenanted Until August 2021
-Applications being received for September 2021 tenancies
-Student Double En-Suite Room
-First Floor Apartment
-Current rent achieved £138 per week with a view to increase in September 2021
-Ground Rent is £250 per annum
-Service Charge is £2142.58 PA
-Lettings Fees are 8% +VAT
1.5m x 2.5m
Wet room. walk in shower, toliet and wash basin
Projected rental growth forecast over the next 5 years: 16.5% (source - JLL)
With great travel links to both Salford Central and Victoria Station, X1 Chapel Street is the perfect development for students at the Manchester universities, lending itself as the perfect base for anyone looking for affordable luxury student accommodation.
Exciting plans for the redevelopment of Salford Crescent have been released and the current masterplan for development - designed by the English Cities Fund - incorporates the University of Salford, Peel Park and the Innovation Forum in Frederick Road and details the transformation of the area over the next 20 years.
The plans in the pipeline for the expansion of Salford Crescent - a £2.5billion major regeneration plan - include the building of it¢--s own Metrolink station, the pedestrianisation of the A6 and the eventual removal of general traffic on parts of the route between Chapel Street and Broad Street.
Substantial regeneration has already taken place within Salford - including the expansion of MediaCityUK - which has placed Salford firmly on the map whilst ensuring it continues to attract global investment.
Development within Salford is continuing at pace and viewings of this property - which sits within the area of regeneration - are highly encouraged.
*Photos are of a dressed apartment of similar size and layout within X1 Chapel Street.
The above particulars - whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract