X1 Sales present this 3 bedroom , 2 bathroom 6th floor apartment at The Gateway!
Modern Investor-Ready Apartment | X1 The Gateway, Manchester
Asking Price: £240,000
A fantastic opportunity for buy-to-let investors, this sophisticated, contemporary apartment is part of the recently completed X1 The Gateway development (2021) and comes tenant in situ until June 2026, generating £1,700 pcm rental income.
Net Yield 8% Gross yield inc all fee's 5.9%
Property Highlights
Tenant in Situ: Secure income stream until June 2026 (£1,700 pcm)
Fully Furnished: Premium furniture throughout, ready for rental Spacious Kitchen: Fully integrated appliances, white goods, plus separate utility cupboard with washer/dryer High-Quality Finish: Contemporary, modern interiors throughout EPC Rating: C
Financial Details
Asking Price: £240,000 Service Charge (2025): £3,674.73 per annum (payable quarterly) Ground Rent: £350 per annum, 5-year RPI review Lease Length: 999 years from 01.01.2020 Lettings fee's 9% plus VAT - full management
Location Sought-after development in Manchester city centre Excellent transport links nearby, ideal for tenants commuting to work or MediaCity Close to shops, restaurants, and local amenities
Investor Note: With a long-term tenant already in place and premium furnishings included, this property offers a turnkey investment with minimal management required.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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