Flat for sale in City Link, Hessel Street, Salford M50

City Link, Hessel Street, Salford, M50 1Dh

Yieldit are pleased to offer an ideal investment opportunity, sold with tenants in situ providing an immediate return on investment, good scope to improve the return and fantastic potential for capital growth. The first floor apartment comes with allocated parking and is located in the ever popular City Link development. Ideally situated for easy access to convenient transport links with Weaste Metrolink facing the property providing direct links to Manchester city centre and connections all across Greater Manchester, as well as being a very short drive from the motorway network.

The property enjoys close proximity to Salford Royal Hospital, Trafford Park, the Universities of Salford and Manchester and Manchester’s cosmopolitan city centre meaning it appeals to a wide spectrum of tenants. Salford is becoming increasingly popular with young professionals due to its affordability combined with the abundance of local amenities and attractions on offer at the nearby Salford Quays, Manchester’s unique waterfront destination with world-class entertainment and leisure facilities and a brilliant selection of restaurants, bars and shops.

City Link is just a quarter of a mile from the thriving commercial district of Salford Quays and MediaCityUK, home to over 8,700 businesses employing more than 127,000 people, meaning that there is sure to be a continuously high demand for rental property in the surrounding areas. Despite the extensive regeneration and investment that has already gone into MediaCityUK so far, it is expected to double in size over the next 10 years, bringing more offices and employment opportunities, leisure facilities and public spaces which will only have a positive effect on property prices. Don’t miss out on this opportunity to invest and enquire today!

Please note, lettings and management fees may apply!

Financial Breakdown

Gross Rent: £7,800.00
Net income: £4,369.00
Gross yield: 10.4%
Net yield: 5.83%
Please contact agent for full financial breakdown.

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-07786