Michigan Point Tower D

We are pleased to present this large luxurious 2-bedroom apartment with en-suite, ideally positioned on the 7th floor of the brand new X1 Media City Tower D. Benefiting from a corner position with floor to ceiling windows, a tonne of natural light and views of Media City this stunning apartment features open plan living, fully-fitted high gloss kitchen, two double bedrooms, ensuite to the master, family bathroom and utility cupboard.

This opportunity is presented as a tenanted investment meaning you can generate an impressive return above 6% NET right from completion and this property is sure to make a fantastic addition to any investor’s portfolio. Media City could not be a better choice of location for savvy buy-to-let investors, being home to huge corporations such as the BBC, ITV and hundreds of other businesses there is always a huge demand for high quality accommodation such as X1 Media City.

Media City is one the best locations for young professional renters in the UK right now. Offering a host of shops, popular bars and restaurants within walking distance of this impressive development, as well as the Lowry Theatre and the Imperial War Museum North just minutes away. Residents will also have direct access to Manchester city centre via the Harbour City Metrolink tram stop, which is ideally positioned outside of the development.

It is no wonder that the population of Salford is booming, and apartment prices are growing at a similar pace. Property prices in Salford have skyrocketed over the last few years and industry experts anticipate that Greater Manchester will need at least 200,000 new homes by 2040 to meet anticipated economic and population growth, making now the perfect opportunity to invest.

Financial Breakdown

Gross rent: £16,500
Service charge: £1,628
Net income: £14,872
Gross yield: 8.25%
Net yield: 7.44%

IMPORTANT NOTE TO PURCHASERS: These 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. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-07531