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Tenure: Leasehold
X1 Salford Quays Phase 3
For Investment Purposes ONLY
As seen by the popularity of Phases 1 and 2, investors are increasingly purchasing rental property in Salford Quays due to its new-found popularity amongst young professionals.
Distances to Local Attractions / Landmarks
The Lowry Designer Outlet Mall - 2 minute walk
Old Trafford (Manchester United Football Club) - 15 minute walk
Manchester Piccadilly Train Station - 10 minutes by car
Manchester Airport - 17 minutes by car
The Quays & Media City
Phase III is located in the constantly growing area of Salford Quays, which now houses the BBC and ITV at the new £1bn MediaCityUK site.
The development of MediaCityUK, amongst other things, has caused the area's popularity to mushroom, with over 2.8 million visitors journeying to the waterfront in 2014.
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The creation of the digital hub has also positively impacted on local house prices, which rose faster than anywhere in Britain, outside of London, in January 2014.
These rising house prices reflect the increasing number of people moving to the area. These people are swarming to the Quays because of its unique location, which sees it lie within minutes of a number of businesses within Salford Quays and Manchester City Centre, which lies just a five minute drive away.
Investors are extremely keen in rental properties based in and around Manchester due to the high rental yields available in the city, which saw it named as HSBC's second buy-to-let hotspot in 2014.
Located in the Heart of Salford
6% Net Rental Income
15 Minutes to Manchester City Centre
High Rental Demand in the Local Area
Managed by X1 Lettings