Summary - Michigan Avenue, Salford M50 2HL
1 bed 1 bath Studio
Turnkey rented studio with strong yield and premium resident facilities.
- Quay-side views from the 8th floor, strong location appeal
- Pre-let until Oct 2026 at £880pcm (approx. 10.6% gross yield)
- Built 2023 with premium communal amenities and concierge service
- Adjacent to Harbour City tram stop; fast links to Manchester
- Compact studio layout (c.301 sq ft), best for single occupancy
- Heating via electric room heaters; potential higher running costs
- Service charge £979.12pa and ground rent £350pa
- Wider area recorded as very deprived; affects capital growth risk
A compact, eighth-floor studio with quay-side outlooks in a 2023 riverside development, offered with a long lease and immediate rental income. The building provides premium communal facilities — concierge (19:00–07:00), residents’ gym, cinema/lounge and private dining — which support strong lettings demand in Salford Quays. Positioned beside Harbour City tram stop, the flat is well connected to Manchester city centre and MediaCityUK.
The apartment is pre-let until October 2026 at £880pcm, providing immediate cashflow and a gross yield of roughly 10.6% at the asking price. Service charge and ground rent are modest for the development (£979.12 pa service charge; £350 pa ground rent) and the lease is effectively long (975 years remaining), limiting long-term ownership costs related to lease extension.
Buyers should note the property’s compact footprint (c.301 sq ft) and single-room layout intended for single occupancy or short-term lets. Heating is electric via room heaters, which may be less efficient than central systems and could affect running costs. The wider locality is recorded as very deprived, which can both support rental yield and influence capital growth prospects.
Overall, this is a low-maintenance, high-yield investment in a prime Quays location, suitable for investors seeking immediate rental return and minimal hands-on management. Prospective purchasers should verify appliance and service condition and consider tenant arrangements beyond the current tenancy end date.
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