Apartment Portfolio, The Quadrangle, 1 Lower Ormond Street, Manchester, M1 5QE | Property for sale | Savills
Guide price £945,000(27,136,735 EGP)

Apartment PortfolioThe Quadrangle, 1 Lower Ormond Street, Manchester, M1 5QE

  • Under offer

Key features

  • Current rental turnover £49,200 per annum
  • Scope to improve rental yield on next re-lets
  • Exceptional size apartments
  • Close proximity to Universities
  • M1 Postcode
  • One parking space with each apartment (three in total)
  • 24/7 Concierge service
  • EWS1 Form available

Three apartment portfolio for sale in the highly desirable Quadrangle development, consisting of three separate, income producing two bedroom apartments.

About this property

  • Exciting opportunity for the discerning investor to purchase a three apartment portfolio in a central M1 location.

    Consisting of three separate, sizeable two bedroom apartments in the highly sought after, The Quadrangle.

    The development is located within yards of both Deansgate, Oxford Road and within walking distance of the university and the train station.

    Offering spacious open plan living, kitchen and dining areas, to two of the apartments there is a substantial terrace perfect for relaxing outdoors, with the third benefitting from a good sized balcony.

    All bedrooms are well-sized doubles, with the primary bedroom benefitting from an en suite. The bathroom is also a modern three piece suite.

    Externally, the purchaser will benefit from three parking spaces included in the purchase price (one parking space with each apartment), whilst also enjoying the 24 hour concierge service on site.

    Prospective buyers are advised the properties are achieving £49,200 per annum across the three apartments. There is expectation that this rental could be increased upon the next re-let of each unit.

    Consistently a popular location due to its central location and proximity to the Universities, The Quadrangle represents an excellent choice for the discerning buyer.

    EWS1 Form available!

    This property has/may have cladding, as far as we know the current position with the property is:
    ‘It's been tested and there are no works required'
    * You should make enquires about the external wall system of the property, if it has cladding and if it is safe or if there are interim measure in place.

    View payable Stamp Duty for this property

Great opportunity for a seamless turn key investment income. One of the most central locations in Manchester and a popular location for tenants.

Ryan GriffinProperty agent

Local information

  • The Quadrangle sits in a prime M1 location on Dickinson Street. Piccadilly station (0.6m), Manchester Oxford Road station (0.3m) and Mayfield Park (0.7m) are all within easy reach.
  • Morrisons is situated nearby (0.8m) for all grocery needs, whilst general shopping, restaurants and bars are offered in abundance thanks to close proximity to Ancoats. Mana (Michelin Star restaurant - 1.4m), Rudy's Neapolitan Pizza (1.3m), Canto (1.3m), The Crown & Kettle (1.1m) are situated close by to name a few!
  • For sport and entertainment. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.5m and 2.0m away respectively. The Manchester Velodrome, part of the National Cycling Centre is also 2.6m distance.
  • For cultural activities, locally residents are only 0.9m from Manchester's famous Northern Quarter which often hosts an array of food festivals and music gigs.
  • Please note - all distances provided are approximate.

Additional information

  • Service charge of all three apartments total pa: £8,094 per annum
  • Ground rent of all three apartments total pa: £600 (£200 pa per apartment)
  • Leasehold expiry date: 01/01/2129
  • Council tax: Manchester, Band E
  • EPC Rating: C
  • Tenure: Leasehold. Lease Expiry: 01/01/2129 (105 years remaining)
  • Service Charge: £8,094.48pa
  • Ground Rent: £600.00pa (review date TBC)
  • Council Tax Band: E