£200,000
Studio for saleLaurence Place, 2 New Kings Head Yard, Salford M3
1 bath
1 reception
EPC Rating: B
- Leasehold
NEXIS Property
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About this property
City centre around the corner! 8th Floor studio Apartment in the Embankment West development. 420 Sq. Ft. EWS1 Form Available. Subject to Contract.
EWS1 A1 Rated. Mortgage Buyers Welcome.
Available to both Investors and Owner-Occupants.
Currently 6.60% Rental Yield @ £1100 pcm.
Projected 6.90% Rental Yield @ £1150 pcm.
Tenanted until Aug 2024.
Leasehold: 250 years from 2021
Service Charge: Approximately £1551.88 pa
Ground Rent: Approximately £343.79 pa
Council Tax Band - A
EPC Rating - B
Laurence Place is a new development located in the heart of the city centre, excellently positioned between Greengate and the Corn Exchange. Living at Embankment West epitimises city centre living, whether it's grabbing a coffee from the on site Embankment cafe, or strolling into the town centre on a weekend for shopping. This two bedroom apartment is located on the 8th floor and has views over Greengate and Salford which can be enjoyed through a large floor to ceiling window which fills the living space with natural light.
Split across two buildings, Exchange Point and Laurence Place, Affinity Living Embankment West won the prestigious Residential High-rise Development UK award at the 2019/20 UK Property Awards. With 365 High Quality apartments the development was part of a £10 million regeneration project - one of the most impressive undertaken in Manchester city centre in recent years - Affinity Living Embankment West will become the highly desirable residential development at the very heart of this new district.
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More information
Tenure
Leasehold (249 years)
Service charge
£1,552 per year
Council tax band
A
Ground rent
£344
Ground rent date of next review