3-bedroom flat · M50 2HA
For saleListed 1306 days
Opportunity summary
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About
Following on from the success of X1 Media City, Opulent introduce the iconic new X1 Michigan Towers.
X1 Michigan Towers is an exciting new flagship development, which is set to change the Manchester skyline.
Our new development features four iconic towers, each with unique façades with a stunning architectural design.
Each tower is set within a modern landscaped public realm, which features cafe spaces, restaurants, retail and office space alongside the residential offer.
With heights ranging between 14 and 35 floors, the towers provide both sweeping views of MediaCityUK, Salford Quays and central Manchester.
This mixed-use scheme is an ideal investment opportunity and is truly unique in its contemporary design and perfect quayside location.
Situated in the heart of MediaCityUK in the iconic Salford Quays, home to Coronation Street as well as the likes of the BBC, itv, Ericsson and Kellogg's, this new phase of development complements the existing towers, and fits perfectly within the bustling business and leisure community.
This development presents an exclusive opportunity to invest in limited luxury property located at the very heart of Peel's thriving MediaCityUK project.
Featuring generously sized apartments with all the space you need offering panoramic views accross Media City and Manchester City Centre.
All apartments will come with incredibly bright and inspirational living areas and all this immersed within amazing landscaped garden areas creating a zen like environment.
Tower 1 which has just launched will offer a selection of 375 1,2 and 3 bedroom apartments.
This particular apartment is a 3 bed apartment situated on the 11th floor offering amazing views and access to the developments very own Private gymnasium.
Further Info Below: Development Name - Michigan Towers Developer - X1 (36 projects to date) Deal Structure - 6% net Income Height - Tower A 30 Storeys Location - Salford Quays in Manchester, next to MediaCityUK.
Address - Michigan Avenue, Salford Tenure - Leasehold 999 years Ground rent - £395 per annum Service Charge - £1.88 / sqft Payment Plan - £5000 reservation fee, 25% on exchange (less reservation fee) and 50% of furniture pack, 10% 6 months later and 50% of furniture pack, balance due Q1 2023.
Facilities - Cinema Room, Bike Storage, Residence Wi-fi Lounge, 24 Hour Concierge, Gym, Landscaped Gardens, Retail and Restaurant Outlets onsite.
Transport - The development will be served by two metro stations on the roads outside.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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