Apartment , Ladywell Point, Pilgrims Way, Salford

Full Description

Situated within the popular Ladywell Point development, this modern third-floor two-bedroom apartment enjoys a convenient location within easy reach of Manchester City Centre, Salford Quays, Salford Royal Hospital and excellent public transport links, including the Metrolink.

The property is currently tenanted, achieving £1,030pcm, providing an attractive 9.8% gross yield. The tenant would be happy to remain should an investor purchase, offering an immediate rental income. Alternatively, the property can also be sold with vacant possession, making it an excellent opportunity for a first-time buyer or owner-occupier.

The well-presented accommodation comprises a welcoming entrance hall with a useful storage cupboard, a spacious open-plan living, dining and kitchen area with a Juliet balcony, two generous double bedrooms, with the principal bedroom benefiting from an en-suite shower room, together with a modern three-piece family bathroom.

Further benefits include an allocated parking space, secure communal entrance and a sought-after location close to local amenities, universities, hospitals and major transport links, making it an appealing choice for both investors and owner-occupiers.

Early viewing is highly recommended to appreciate the accommodation, location and investment potential on offer.

Council Tax Band: B (Salford City Council)
Tenure: Leasehold (235 years)
Ground Rent: £500 per year
Service Charge: £833 per year
Ground Rent amount (£500pa Fixed)
Lease remaining: 235 years
Service Charge payable: approx. £833pa (new managing agents so SC has reduced considerably - it used to be +£1,200pa)
Ground Rent Deed of Variation
Parking options: Undercroft
Electricity supply: Mains
Water supply: Mains
Sewerage: Mains

Hall

Kitchen/diner

Living room

Bedroom 1

En-suite

Bathroom

Bedroom 2

Externally

Secure Gated Entrance

Seller's Comments
The Service Charge is in two parts:
Horizon who manage the building. It includes everything in the communal areas; block insurance is extra.
Zenith who currently manage the estate (grounds, parking, bins, gates); as soon as Block C moves from Zenith to Horizon then the grounds will be managed by Horizon
Ground rent is paid to the landlord, to the company (Freeholder) that owns the land that the block sits on. The GR has been fixed at £500 per annum via a Deed of Variation which has been registered with Land Registry.

Apartment , Ladywell Point, Pilgrims Way, Salford

Offers Over £125,000

Full Description

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