Studio for sale

X1 Chapel Street, 272 Chapel Street, Salford M3

X1 Chapel Street, 272 Chapel Street, Salford, M3 5Jz

Amazing investment opportunity - perfect for investors and tenanted for immediate income! Student accommodation in one of the UK's biggest university cities! Enquire today - cash buyers only!

This double room, which comes complete with an en-suite, is situated on the second floor of this development and is offered fully furnished to the highest specification. This room boasts a double bed, en-suite bathroom, work station, free Wi-Fi and ample storage space. Residents have access to X1 Chapel Street's wide range of luxury communal facilities including large integrated fitted kitchens, a fully equipped gymnasium, laundry facilities and bicycle storage, alongside 24hr CCTV in communal areas and on-site security.

X1 Chapel Street is located in the revitalised Chapel Street area of Manchester and has great links to the University of Salford, Manchester Metropolitan University and The University of Manchester. Students living in X1 Chapel Street reap the benefits of Chapel Street's mass regeneration project, as both of the railway stations located near to the site have experienced major investment in their entrances and facilities, allowing for ease of movement within the city of Manchester and easy access to its impressive range of theatres, museums and shopping venues.

Manchester is home to the UK and Europe's largest university campus and is home to over 85,000 domestic and international students, with the student population making up close to 14% of the city. With the student population so high, equally is the demand for student accommodation developments such as X1 Chapel Street.

Please note: The figures are based on a provisional booking for the next academic term. The service charge figures are for the year 2023/2024 and are due to be reviewed in September and therefore this could be subject to change.

Financial Breakdown

Gross Rent: £8,496.00
Net income: £2,987.92
Gross yield: 22.36%
Net yield: 7.86%
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-07881