Fully furnished studio with tenant in place — immediate rental income in MediaCityUK..
Tenant in situ paying £850 pcm (periodic tenancy)
A compact, fully furnished studio in Michigan Point Tower A, offered with a tenant in situ for immediate income. At 334 sq ft this seventh-floor apartment suits investors or professionals seeking hands-off rental returns in MediaCityUK’s transport-rich, leisure-filled quarter. The property benefits from long leasehold security (975 years less 5 days, 964 years remaining) and an EWS1 certificate in place.
The building provides practical on-site amenities including 24-hour security presence, gym, communal facilities and direct access to Harbour City Metrolink and local shops. The current tenant pays £850 pcm, producing a strong gross yield (around 9.1%); however running costs reduce net return — the 2025 service charge is £1,267.23 and ground rent £250 p.a.
Buyers should be aware of the apartment’s limitations: the accommodation is small and heated by electric room heaters, which can be more costly than gas central heating. The unit is offered with furnishings and white goods, which helps short-term lettability, but the size and heating type make it better suited to investors or single occupants rather than families.
Overall this is a straightforward rental investment in a very well-connected urban location. It’s an attractive option for someone prioritising immediate income and low-management tenancy, provided the service charge and electric heating are factored into yield calculations.
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