2 bedroom Flat for sale: Quay House, Trafford Road, Salford


  • reception rooms 1
  • bedrooms 2
  • bathrooms 1
Reference: 36991_13164554

Key Features

  • HANDS OFF INVESTMENT
  • Five year tenancies
  • Full repair and maintaining lease.
  • No maintenance costs
  • Service charge and ground rents inclusive for init
  • No letting agents fees
  • No void periods
  • Completed development
  • Under one mile from The Quays and Media City
  • One and two bedroom apartments available

Description

HANDS OFF INVESTMENT OPPORTUNITY. Five year full insuring and repairing lease, no void periods, no maintenance costs, no letting agents fees, no void periods, service charge and ground rents included for the initial five year period. Quay House is situated just under a mile from The Quays and Media City in one of the UK's prime buy to let hot spots.

Quay House consists of 41, one and two bedroom apartments with only 19 remaining. Each apartment is offered for sale with the luxury of tenants already in situ for 5 years, meaning no voids in your investment returns. With no maintenance fees, no service charge, and no ground rent for the initial tenancy. This is truly a hand s off investment.

Quay House is a stunning development of 41, one and two bedroom apartments with 21 available for purchase on a sale and leaseback scheme. Each Apartment has the benefit of a five-year full insuring and repairing lease agreement earning a 5% net return.

Accommodation

The Quay House development consists of 41 apartments in a new build with generously proportioned rooms and a conversion, retaining original features such as exposed brickwork and high ceilings. Each Apartment has the benefit of a five-year full insuring and repairing lease agreement earning a 5% net return.

Situation

From our City Centre branch turn left into Hulme Street, at the junction with Cambridge Street turn left. Take the third exit off the roundabout, get into the right hand lane and proceed ahead following signs for Salford Quays and the Lowry. Proceed up Regents Road to the next roundabout, take the the first exit. Continue down Trafford Road and take the second left onto Crowther Ave and the building can be observed on the right hand side on the corner of Crowther Ave and Trafford Road.

Full Details

A stunning selection of one bedroom apartments on the bustling Trafford Road only a few minutes walk from the Anchorage Quay metro stop and bus routes in and out of Manchester City Centre. The development is part conversion with a lot of the stunning original features retained including exposed brick work and high ceilings. The new build part of the development have generously proportioned rooms.

Each of the 21 one and two bedroom apartments we are offering for sale are available on a sale and leaseback scheme. This means buyers earn a 5% net return annually and have the added peace of mind that your new investment has the benefit of a five-year full insuring and repairing lease agreement, meaning the tenant will look after all aspects of maintenance and up keep for the property.

How does Leaseback work at Quay House?

Put simply, you buy an apartment and then lease it back to the developer. The apartments have been let on a five year, full repair and maintaining lease so all property maintenance and upkeep during this period is the responsibility of the Tenant making for a fantastic, hassle-free investment. The assured net return is 5% net annually for five years. Once the five year term ends, owners have the opportunity to retain the property or to sell.

What is the potential for capital appreciation for properties bought on a sale and leaseback scheme?

Properties bought on a sale and leaseback scheme have the same potential for capital appreciation as any other property purchase. Choosing an area where there are a number of new developments, regeneration planned or which is viewed as up and coming can all result in property values increasing over a number of years

Quay House is located on the edge of Salford Quays a well established and popular area. In close vicinity you will find a large number of developments in construction and also planned for the future.


With 4 apartments now sold, book your viewing now with homes4u on 0161 236 0202.
FLOOR PLANS AVAILABLE ON REQUEST

AT A GLANCE

Location: SALFORD, GREATER MANCHESTER

Accommodation: One bedroom apartments

Management: FULLY MANAGED SERVICE WITH ALL REPAIRS AND MAINTENANCE INCLUDED.

Size range: 30.2 sq m - 56.4 sq m

Income: Rental yields 5% NET GUARANTEED FOR 5 YEARS

Price: £127,500

Available Properties:

Type F

Size: 36.1 sq m

Apt no & Location:

Apt 4 - Ground floor, conversion

Type G

Size: 30.2 sq m

Apt no & Location:

Apt 6 - Ground floor, conversion

Apt 12 - First floor, conversion

Apt 18 - Second floor, conversion

Type H

Size: 56.4 sq m

Apt no & Location:

Apt 26 - First floor, conversion

Apt 33 - Second floor, conversion

Type I -

Size: 53 sq m

Apt no & Location:

Apt 30 - Second floor, conversion

Apt 37 - Third floor, new

Type J

Size: 56 sq m

Apt no & Location:

Apt 40 - Third floor, new

Please note the images shown are from a selection of apartments in the development. Floor plans and the layout of the development are available on request

ADDRESS:
Apartments 1-18 Quay House, 5 Trafford Road, Salford Lancashire, M5 3NR
Apartments 19 - 41 Quay House, 14 Jennings Ave, Salford, Lancashire, M5 3NS

Back to top ^

Reference: 36991_13164554

Contact Agent

City Centre: Oxford Road
Tel: 0161 236 8606