X1 Michigan Tower
Property Overview
Address
X1 Michigan Tower 1,
Michigan Avenue, Salford, M50
Constructor
Vermont
Management Company
X1 Lettings
Architect
Jeffrey Bell
Target Completion
Construction due to commence
Q1 2021 & estimated completion Q1 2023
Tenure
999 years from 2022
Ground Rent
£395 per unit
Estimated service charge
Service Charge Payable
Per Square Foot Per Annum: £1.88
Service Charge Payable
Per Square Meter Per Annum: £20.19
Investment Highlights
Amazing place to
Live and work
01
Already home to the BBC, ITV, Kellogg’s, Bupa, the University of Salford and over 250 creative media businesses, MediaCityUK is a major digital media hub, centre of learning and established visitor destination. Many media professionals working here also live beside the tranquil Salford Quays.
Already home to the BBC, ITV, Kellogg’s, Bupa, the University of Salford and over 250 creative media businesses, MediaCityUK is a major digital media hub, centre of learning and established visitor destination. Many media professionals working here also live beside the tranquil Salford Quays.
Luxury Quayside
Living
03
Overlooking both Salford Quays and Manchester city centre these apartments offer stunning views across the vibrant quayside towards the UK’s second city.
Offering luxury quayside living in the heart of Peel’s thriving MediaCityUK, this development is perfectly situated for those working in the creative and professional sectors.
Residents will benefit from a gym and cinema, as well as retail and leisure facilities located on-site.
Prime
Location
Located in MediaCity UK, Michigan Tower is well connected to greater Manchester, the UK and international destinations. Only 8 mins metrolink distance to central Manchester and 20mins driving distance to airport.
02
Property prices starting from £175,9952, rental guarantee is available of 2 years at 6% Net with no ground rent, service charge and management fee due. Rents in the area increasing year on year between 3% - 5% with average occupancy across all sites at 98%.
High
Investment return
04
Property prices starting from £175,9952, rental guarantee is available of 2 years at 6% Net with no ground rent, service charge and management fee due. Rents in the area increasing year on year between 3% - 5% with average occupancy across all sites at 98%.
Great connectivity with Angel Station, Farringdon Station, Chancery Lane Station and King’s Cross St. Pancras Station within walking distance
Floor Plan
