Studio for sale

X1 Town Hall, Bexley Square, Salford M3

X1 Town Hall, Bexley Square, Salford M3 6Bz

Formerly a Magistrates Court and Town Hall, this beautiful Grade II listed building underwent an extensive refurbishment to transform it into 122 luxury residential apartments, re-branded as X1 Town Hall.

This modern apartment is accessible via a secure keyless entry system and comprises a bright and airy open-plan living space including a fully fitted kitchen and a stylish modern bathroom.

X1 Town Hall also includes communal facilities for tenants, such as private on-site gym, lift access to all levels, a management office, CCTV fitted in all communal areas and super-fast Wi-Fi throughout. This development is situated close to Manchester and Salford city centres, as well as MediaCityUK.

Salford is a city where innovation, leadership and partnership working are contributing significantly to the increased economic vitality, growth and competitiveness of Greater Manchester and the region as a whole. Part of the Northern Powerhouse, it is an integral player in Greater Manchester, ambitious growth and devolution agenda.

X1 Town Hall is block management by X1 Lettings who are experts in lettings within the North West in particular and have market leading tenancy rates across all of their sites.

This is an excellent opportunity for either first time buy-to-let investors or experienced portfolio landlords. Please note: In line with the Renters Reform Act, student tenancies are let on periodic agreements rather than fixed-term contracts. Figures are illustrative of a 44-week term in line with the academic year but are subject to change. Please enquire for further information.

Financial Breakdown

Gross Rent: £10,200.00
Net income: £5,043.16
Gross yield: 17%
Net yield: 8.41%
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-05940