The Property
Welcome to Insignia, an exclusive gated modern apartment block located in the heart of Old Trafford, Manchester. Available directly from the developer, this modern 3-bedroom apartment spans 896 square feet, offering ample space for comfortable living. The property is currently rented to professionals, generating a stable rental income of £1,490 pcm (£17,880 per annum), with the tenancy running through to January 2025, making it a prime investment opportunity and offering a gross return of 6.38%. The apartment has remained fully tenanted since completion, testament to the popularity of the development and being one of just a handful of 3 x beds in the building.
The apartment benefits from a spacious primary bedroom with the luxury of an en-suite bathroom. The open-plan living area is designed for contemporary, modern living, with large windows that flood the space with natural light. The kitchen comes fully equipped, and ideal for both everyday cooking and entertaining guests.
The apartment will benefit from a dedicated secure parking space, providing hassle-free, safe parking. Completed just 2 years ago, the development features high-quality finishes and amenities that cater to a comfortable urban lifestyle.
Location:
Situated in the vibrant community of Old Trafford, the apartment enjoys an enviable location. Sports enthusiasts will appreciate the close proximity to the Old Trafford Cricket Ground and the iconic Old Trafford Stadium. Excellent transport links are another highlight, with the Old Trafford Tram Stop just a short walk away, providing quick and easy access to Manchester city centre. The Metrolink tram service offers a swift journey into the heart of the city in just 8 minutes, making it ideal for commuters and those who enjoy the bustling city life.
Tenure:
Leasehold
250 years from January 2021