Derwent Street, Salford, Greater Manchester, M5 4SR | Property for sale | Savills
624 sq ft(57.97 sq m)
Guide price £175,000

Derwent StreetSalford, Greater Manchester, M5 4SR

  • Under offer
Flat / Apartment
624 sq ft (57.97 sq m)
2Bedrooms
2Bathrooms
1Receptions

Key features

  • Parking included
  • Investors only
  • Tenanted at £1,150pcm until August 2024
  • Ground floor
  • Two bedroom, two bathroom
  • EWS1 Form available

Suitable for investors, turn key tenant in situ. Two bedroom apartment with a 7.36% gross yield and parking space included.

About this property

  • Savills are delighted to present a turn key investment opportunity, a ground floor two double bedroom apartment with parking included in the Delaney Building.

    The apartment internally briefly comprises of a living and kitchen area which is a well thought out, open-plan design offering ample living and dining space.

    Further, there are two sizeable double bedrooms with the main bedroom benefitting from an en suite bathroom. The primary bathroom enjoys the same finish with bath and overhead shower facility within.

    Externally, the property benefits from the service of the Lowry Wharf concierge and a parking space included in the sale price.

    The apartment is currently suitable for investors only, being tenanted at £1,150pcm until August 2024.

    EWS1 Form available!

    This property has cladding, as far as we know the
    current position with the property is:
    ‘It's been tested and there are no works required'
    * You should make enquires about the external wall system
    of the property, if it has cladding and if it is safe or if there
    are interim measure in place.

    View payable Stamp Duty for this property

Great value for the area when you include the parking space!

Ryan GriffinProperty agent

Local information

  • The Delaney Building sits in an excellent location along the banks of the River Irwell. Cornbrook tram stop (0.6m), Deansgate tram & train links (0.9m), and Spinningfields (0.9m) are all within easy reach.
  • Regent Road retail park is also situated nearby (0.3m) with a large Sainsbury`s, TK Maxx, Boots, and much more on offer.
  • Salford Central Train Station is just 0.7 miles away, which provides good access links both in and out of the city centre.
  • For sport and entertainment. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.2m and 3.4m 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.
  • Please note - all distances provided are approximate.

Additional information

  • We are advised the ground rent review increases in line with RPI, with the next review due 2033
  • Building insurance: £613.50 per annum
  • Leasehold expiry date: 2136
  • EPC Rating: C
  • Tenure: Leasehold. Lease Expiry: 31/12/2136 (112 years remaining)
  • Service Charge: £1,620.32pa
  • Ground Rent: £340.00pa (review date TBC)
  • Council Tax Band: B