Not Available Anymore  

1 Bedroom Apartment For Sale

Elmira Way Salford, M5 3DA

M5 3DA, Elmira Way, Salford, M5, Salford

Sale Price: £97,500

Listed 15 days ago and may not be available Listed on 2/19/2015

 Woodfield Road, Princes Risborough, HP27 0HU

Elmira Way Salford, M5 3DA

Property Summary:

Apartment
1 Bed(s)
-- Bath(s)
interested in this property.
 

Property description

 ASSURED RETURNS OF UP TO 6% FOR THE FIRST YEAR!
 
Following the selling out of X1 Salford Quays Phase 2 in a record 30 days, the third phase has been launched in response to high demand from investors. Comprising a mix of one and two bed apartments over five floors, X1 Salford Quays Phase 3 will hope to mirror the success of the previous two phases launched in the area. A high number of clients have already registered their interest on hearing about the launch of the third phase and we expect demand to be high for the 60 units. Phase 3 is located in the constantly growing area of Salford Quays, which now houses the BBC and ITV at the new £1bn MediaCityUK site.
 
Investment options for this development are:
 
1-bedroom apartments Priced at £97,500
1-bedroom apartments (Penthouse) Priced at £105,000
2-bedroom apartments Priced at £117,500
2-bedroom apartments (Penthouse with parking) Priced at £137,000
 
Financial projection of 2-bed apartment* (Purchase Price £117,500)
Est. Monthly Rent £750
Est. Annual Rent £9,000
Est. Maintenance fee £1,159
Est. Management fee (8%) £720
Est. Ground rent £250
Est. NET income £6,871
Est. NET yield 5.8%
 
What you need to know
 
Am I buying as freehold or leasehold?
135 years leasehold
 
What is the address of the site?
X1 Salford Quays Phase 3, Elmira Way, Salford, Manchester, M5 3DA
 
Are these apartments completed?
No. This is a new-build development which will be furnished to the highest of standards and will be ready to accept residents from Q1 2016
 
What are the projected annual returns?
Returns of up to 6% NET are assured for the first year
 
Can I receive finance on this development?
There is currently no finance offered by the developer
 
When is my rental income paid?
Quarterly in arrears, direct into your bank account from completion
 
Is there a management company in place?
Yes, the designated management company will be X1 Lettings
 
Can I resell my unit?
Yes, you can sell at any time after exchange of contracts
 
Are there any restrictions if I want to sell?
No, X1 Salford Quays Phase 3 is a residential development, so you are free to sell your unit on the open market

For more info call O'Neil Property Services.

Property Features :

  • FULLY MANAGED
  • LAST FEW UNITS REMAINING
  • ASSURED RETURNS OF UP TO 6% FOR THE FIRST YEAR
 
 
Barlow White
27 Monton Green Manchester M30 9LL

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