Ordsall Lane, Salford, Greater Manchester, M5 4XR | Property for sale | Savills
670 sq ft(62.25 sq m)
Guide price £210,000(€239,444)

Ordsall LaneSalford, Greater Manchester, M5 4XR

  • Sale Agreed

Key features

  • Tenanted, turn-key investment
  • EWS1 Form available
  • Gross yield of 6.8%
  • Two bedroom, two bathroom
  • Onsite cinema room and gym
  • 24/7 Concierge service
  • Opposite Regent Road retail park
  • Close to Spinningfields

6.8% Gross yield! £1,200pcm rental with tenant in situ. Stunning two double bedroom apartment in the highly sought after Wilburn Basin development.

About this property

  • Savills are proud to present this two double bedroom apartment in the highly exclusive Wilburn Basin development.

    This apartment could represent an ideal turn key investment for the discerning investor, with a 6.8% gross yield available at the current rental price of £1200pcm until May 2024.

    Internally, the apartments have been finished to the highest of standards. Walnut veneered flooring, carpets in the bedrooms, tiled bathrooms, handless kitchen units, integrated dishwasher and much more! Installed in each apartment are also dedicated Hyper-optic, fibre-optic, and TV provisions including BT, SKY and Virgin Media.

    Situated on the second floor, the apartment briefly comprises of an entrance hallway leading through to a sizeable, modern, open-plan living and kitchen area, with a Juliet balcony. Two double bedrooms are enjoyed, with the primary bedroom benefitting from an en suite bathroom. Further, there is a luxurious main three piece bathroom suite, and additional storage cupboard.

    The development itself boasts a 24/7 on-site friendly concierge, intercom systems to all apartments, bike stores, gym and cinema room for the use of residents only.

    EWS1 Form available.

    The seller has advised material information as follows:
    Service charge: £1,622 per annum
    Building insurance: £410.94 per annum
    Ground rent: £300 per annum
    Review method: RPI

    View payable Stamp Duty for this property

As a former Wilburn Basin resident myself, I know what a great development this is. The on site team, facilities and location make this a great choice.

Ryan GriffinProperty agent

Local information

  • Wilburn Basin sits in a prime location along the banks of the River Irwell. Cornbrook tram stop (0.9m), Deansgate tram & train links (0.9m), and Spinningfields (0.8m) are all within easy reach.
  • Regent Road Retail Park is also situated just behind the development (0.1m) with a large Sainsbury`s, TK Maxx, Boots, and much more on offer.
  • Salford Central Train Station is just 0.6 miles away, which provides good access links both in and out of the city centre.
  • Sports and entertainment are within easy reach also. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.2m and 3.2m away respectively.
  • For cultural activities, locally residents are only 0.5m from Castlefield Bowl which often hosts an array of food festivals and music gigs.

Additional information

  • EPC Rating: C
  • Tenure: Leasehold. Lease Expiry: 27/01/2265 (240 years remaining)
  • Service Charge: £1,622.00pa
  • Ground Rent: £300.00pa (review date January 2026)
  • Council Tax Band: C