*Tenanted Investment Opportunity* A tenanted upper floor studio apartment which forms part of the popular X1 Media City development which is ideally situated for the amenities of Salford Quays and MediaCity with the adjacent Harbour City Metrolink stop. Currently achieving £850pcm, representing a gross return yield of over 18.5% based on the guide price. The property offers an semi open plan living area/kithen, double bedroom and shower room. Please note the auctioneers have not inspected the property internally and the photographs have been provided by the seller from January 2023. We are advised that beyond the contents of the legal pack documentation the Sellers solicitors are unable to address any further enquiries – prospective bidders are advised to satisfy themselves entirely in relation to the documentation prior to registration and make their own further investigations as necessary. Lease Length - 975 years (less 5 days) from 01 January 2016 Ground Rent - £250pa Service Charge - £231.28 per quarter

Tenure

Leasehold

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Salford City Council. Council Tax Band B.

Additional Fees

Buyer's Premium - £2,400 inc VAT.

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1500 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.