Guide price
£160,000
2 bed flat for saleElmira Way, Salford, Greater Manchester M5
2 beds
2 baths
1 reception
EPC Rating: C
- Leasehold
Savills - Manchester
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About this property
Two double bedrooms
Large balcony
Popular 'The Exchange' development
Second floor
Salford Quays growth corridor location
Investors only, currently tenanted until Jan 26 at £1,200pcm
EPC Rating = C
Two bedroom apartment in the popular 'The Exchange' development.
Description
*Investors only, tenanted until Jan 26 at £1,200pcm*
Savills are delighted to present a turn key investment opportunity, with this two double bedroom apartment in the popular ‘The Exchange‘ development.
Nestled in the growth corridor between Salford Quays/MediaCityUK and Manchester City Centre, The Exchange offers excellent value.
Briefly, the apartment consists of a spacious open-plan lounge, dining and kitchen area. The unique feature here is undoubtedly the sizeable private, covered balcony space off the living area, offering an ideal option for relaxing outdoors in any weather!
The bedrooms are both well-appointed and practical spaces, with the main bedroom benefitting from a three piece en suite. Completing the apartment is the main bathroom, finished to the same standard.
EWS1 Form completed August 2021 available.
External wall systems/cladding disclaimer: This property has cladding/external wall systems, as far as we know the current position with the property is: ‘It’s been tested and there are no works required’ * You should make enquiries about the external wall system of the property, if it has cladding and if it is safe or if there are interim measures in place.
Location
The Exchange sits in a great location with ease of access to all Manchester and Salford Quays have to offer.
Salford Quays and Exchange Quay tram stops are well located for travel in and around the city (0.3m and 0.4m respectively), with the bustling Manchester city centre only circa 1.5 miles away.
Grocery shopping is provided easily thanks to the local convenience stores nearby (Tesco Express 427ft, Co-op 0.3m).
General shopping, restaurants and bars can be accessed either via a short trip to Manchester (Circa 2.2m) or into Media City where you'll find a great selection including but not limited to; The Alchemist (0.7m), The Botanist (0.9m) and Nando's (0.7 m)
For sport and entertainment. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 0.8m and 4m away respectively.
For cultural activities, locally residents are only 1m from MediaCityUK which often hosts an array of food festivals, music gigs and activities.
Please note all distances quoted are approximate.
Square Footage: 688 sq ft
Leasehold with approximately 128 years remaining.
Additional Info
Ground rent is doubled for the first 30 years at 10 year intervals, thereafter it increases in line with rpi for every 10 years following. Next review due 2025.
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More information
Tenure
Leasehold (127 years)
Service charge
£2,950 per year
Council tax band
C
Ground rent
£250
Ground rent date of next review
Ground rent review period
Every 10 years