Summary - THE BAYLEY, 21 APARTMENT 46 NEW BAILEY STREET SALFORD M3 5AX
1 bed 1 bath Apartment
Vacant tenth-floor flat with strong rental potential and very long lease.
Ten-floor one-bedroom apartment, 505 sq ft open-plan layout
Vacant leasehold; will be sold at auction, six-week completion
Very long lease: c. 908 years
Estimated gross yield ~15% at £1,000 pcm (buy-to-let focus)
Service charge c. £2,347 pa; ground rent £250 pa
Electric room heaters only — higher winter running costs likely
Central location; 5-minute walk to Deansgate and transport links
Presented in good condition, ready to occupy or let
A tenth-floor one-bedroom apartment in The Bayley, a modern block moments from Deansgate. The 505 sq ft open-plan layout has a roomy entrance hall with large storage, a double bedroom and a fitted bathroom with electric shower. Offered vacant, the flat is presented in good condition and ready for immediate occupation or letting.
This property is aimed at buy-to-let investors seeking strong headline returns: at a stated rent of £1,000 pcm the gross yield is around 15%. The apartment benefits from an extremely long lease (c. 908 years), fast broadband and excellent mobile signal, plus very low local crime and immediate access to shops, restaurants and transport links.
Buyers should note the material costs and tenure facts: the property is leasehold and will be sold at auction with six-week completion. Annual service charge and ground rent are significant for budgeting—c. £2,347 service charge and a £250 ground rent. Heating is electric room heaters rather than gas central heating, which can affect running costs in winter.
Overall this is a central, low-management investment or a compact city home for someone who values location and long lease security. The vacant possession and strong rental assumption make it straightforward to re-let quickly, but buyers must factor regular service charges, ground rent and electric heating into running-cost forecasts.
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