Block of flats

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Block of flats

New Bailey Street, Salford M3
£2,738,000

Price History

Initial price £2,978,000
28/01/25 £2,738,000
Price Change -8.06%

Description

This investment portfolio consists of 10 one and two-bedroom apartments on the 4th floor of a 33-storey building in Manchester, completed in October 2021. The apartments are currently let on AST tenancies and have a 250-year lease. The ground rent and service charges are £395-495 per annum and £4.60 per square foot per annum, respectively. The portfolio has a 5-year underlease in place, during which Affinity Living will fully let and manage the investment. The apartments offer stunning views, modern living spaces, and access to a range of amenities, including a gym, co-working space, and cinema room. Manchester is a vibrant city, voted the most liveable in the UK, with a thriving cultural scene and proximity to key transport links.