Summary - Delaney Building Lowry Wharf, Derwent Street, Salford, Greater Manchester, M5 M5 4SR
2 bed 2 bath Apartment
Turnkey city rental with gated parking and immediate income for investors.
- Long-term tenant in situ paying £1,100pcm, immediate rental income
- Quoted investment yield circa 7.7%
- Two double bedrooms, ensuite plus family bathroom
- Allocated gated parking space included
- Leasehold with approximately 125 years remaining
- Service charge c. £1,688pa; ground rent c. £330pa
- Sold by Modern Method of Auction; 4.5% reservation fee applies
- Electric room heating; factor running costs and refurbishment needs
A two-bedroom apartment in Lowry Wharf offering a ready-made buy‑to‑let with a long-term tenant in situ. The property is sold furnished, includes an allocated gated parking space and is presented with an open-plan living/kitchen/dining layout. Built after 2012, it has double glazing and modern finishes throughout, plus an ensuite to the master bedroom and a family bathroom.
This is an investment-led sale: the tenant currently pays £1,100 pcm and the sale is quoted as delivering a circa 7.7% yield. The apartment is leasehold with about 125 years remaining; annual service charge and ground rent are stated at approximately £1,688 and £330 respectively. Council tax is described as low and broadband and mobile signals are strong—useful for commuter and student rental demand.
Buyers should note this property will be sold at auction via the Modern Method of Auction. A non‑refundable reservation fee (4.5% of the purchase price, minimum £6,600 inc. VAT) and a Buyer Information Pack are part of the process; read these documents before bidding. Heating is electric (room heaters) and service charges apply, so factor running costs into yield calculations.
Location benefits include close transport links, shops and leisure amenity on Regent Road and a local market of students and commuters. The wider area shows higher deprivation levels; this supports strong rental demand but will influence resale comparables. Suitable for investors seeking a low‑management, let property with parking and immediate income, and for buyers comfortable with auction purchase terms.
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