1 bed flat for sale

Adelphi Street, Salford, Greater Manchester M3

Premium investment opportunity | 9.39% yield | tenant in situ
A well-presented 6th floor investment apartment at Adelphi Wharf, Salford, offering an attractive combination of immediate rental income, quality specification and an excellent city-centre location.
Currently let at £900 per month and offered at £115,000, the property delivers a 9.39% rental yield, with the benefit of an established tenant already in situ.
The apartment features a 2023 Nobilia kitchen and bathroom, finished with contemporary Heal's lighting fittings and fully fitted laminate herringbone flooring, creating a modern and desirable interior with strong tenant appeal. The property also benefits from a private balcony overlooking the River Irwell, with attractive river and park views.
Residents benefit from concierge service and an on-site convenience shop, adding to the convenience and appeal of the development.
The location offers excellent connectivity, with Salford University approximately five minutes' walk away and Manchester city centre around a 10-minute walk or less than five minutes by car.
Chapel Street is immediately on the doorstep, offering a convenient mix of cafés, bars, restaurants, gyms and supermarkets.
An attractive turnkey investment with a strong rental return, established tenancy and minimal immediate work required. Available furnished or unfurnished.
Investors only | cash buyers only

Key Highlights
• £115,000 asking price
• £900 pcm rental income
• 9.39% rental yield
• Tenant in situ
• 2023 Nobilia kitchen & bathroom
• Fully fitted laminate herringbone flooring
• Heal's lighting fittings
• Private balcony overlooking the River Irwell
• River and park views
• Concierge service
• On-site convenience shop
• 5 minutes' walk to Salford University
• Approximately 10 minutes' walk to Manchester city centre
• Chapel Street amenities on the doorstep
• Furnished or unfurnished

Leasehold 250 years from 2016
Service charge £450.35 per quarter £1801.40 per year
Ground Rent £225 per year
Management Xenia Estates

Please note that an aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.

Please note: An aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.