The Property

Bedrooms: 1

Bathrooms: 1

Public Rooms: 1

Unfurnished

View Floorplan

Investment Information

• Full address: 1.05 Rivergate, Wilburn Basin, Salford, Greater Manchester M5 4XP
• Asking price: £185,000.00
• Tenure: Leasehold, 250 years from 2016
• Number of bedrooms: 1
• Number of bathrooms: 1
• Open-planned kitchen living space
• Tenants in situ
• Contract length: 6 months (been renewed in June 2023)
• Name of letting management company: Select -
• Current rental income: £900.00pcm
• Gross rental income: £10,800.00 per annum
• Yield: 5.8%
• Service charge: £722 per annum
• Ground rent: £300 per annum
• Council tax band: B
• EPC rating: C
• Available for mortgage and cash buyers

Portfolio8 is delighted to bring to the market this 1-bedroom 1st-floor apartment in the beautifully constructed Wilburn Basin. The apartment block is one of the more iconic and eye-catching developments in Manchester city centre. Wilburn Basin is positioned where Manchester meets Salford, a five-minute stroll from the Castlefield district of Manchester city centre.

The development comprises four towers, each offering fantastic views across the city. All the one-, two- and three-bedroom apartments are built to a high specification and duplex penthouses also include private roof terraces. Residents' amenities include a 24/7 concierge, a gym, cinema, a residents' lounge, and meeting rooms. Externally, there are landscaped gardens and seating areas around the River Irwell, as well as secure gated access to the river.