1 bed flat for sale

29 New Bailey Street, Salford M3

29 New Bailey Street, Salford, M3 5Gn

Yieldit are proud to present to the market this fabulous investment opportunity. Being sold with tenant in situ generating an impressive £1275pcm rental income, which is a lucrative return at the listing price so will make a fantastic addition to a growing portfolio. The high specification apartment is fully furnished and includes open plan living area with floor to ceiling window; high-specification kitchen; double bedroom and stylish main bathroom.

New Bailey Street is a beautiful affinity development with first class amenities including 24-hour concierge, residents only gym with high spec equipment, social lounges, working space, regular resident events, in house café, bookable cinema snug, 24/7 parcel collection, super fast Wi-Fi, dog wash and all amenities located in riverside. Perfectly situated in the desirable and convenient city centre area of New Bailey, residents are within walking distance of Spinningfields, Deansgate, award winning restaurants and unrivalled shopping and entertainment facilities.

The location of the development couldn’t be more perfect, everything the thriving city of Manchester has to offer is right on the doorstep as well as unrivalled transport links to travel around the Northwest and beyond, with London being just a two-hour train journey. Properties in Manchester make the perfect addition to a property investors portfolio, with the city being voted the Most Liveable City in the UK (The Economist, 2019) and the 3rd Best City in the World (Time Out, 2021). The city’s population is ever increasing, and rental demand is always extremely high so don’t miss out on this chance to invest and enquire today. Please note letting and management fees may apply.

Financial Breakdown

Gross Rent: £15,300.00
Net income: £12,602.69
Gross yield: 6.65%
Net yield: 5.48%
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-07933