Summary - Media City, Michigan Point Tower A, 9 Michigan Avenue, Salford, M50 M50 2HA
1 bed 1 bath Not Specified
Compact, tenanted studio in MediaCity with immediate income and long lease..
- Tenant in situ paying £895 pcm until March 2026
- Gross yield about 10.2% at £105,000 asking price
- Long lease: 975 years remaining (commenced 2016)
- Service charge £1,145 p.a.; ground rent £250 p.a.
- EPC Grade B and EWS1 certificate in place
- Small studio (c.301 sq ft) — compact living space
- Electric room heaters; electricity costs likely higher
- Excellent transport links; Harbour City Metrolink nearby
A compact studio in Michigan Point Tower A offering immediate rental income — ideal for a buy-to-let investor seeking hands-off return. The one-room layout (c.301 sq ft) is fully furnished and currently let at £895 pcm until March 2026, delivering immediate cashflow and a gross yield of around 10.2% at the listed price.
The building is purpose-built for MediaCity living and benefits from an EWS1 certificate, an EPC grade B and long lease (975 years). Harbour City Metrolink is on the doorstep and the wider area offers restaurants, shops, and employers such as BBC/ITV — strong local demand for well-located rental units.
Notable running costs and specification should be considered: the unit uses electric room heaters (electricity tariff unspecified) and the service charge (£1,145 p.a.) plus ground rent (£250 p.a.) reduce net income. The apartment is small and best suited to single professionals or as an investment rather than a long-term family home.
Overall this is a pragmatic investment: secure, centrally located, with tenant-in-place income and low lease risk. Buyers should budget for electric heating costs and factor service charges into yield calculations; vacant possession will only be achievable after the current tenancy ends in March 2026.
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