The block
TENURE
Leasehold
NO OF UNITS
3
TENANCY STATUS
Tenanted
FURNISHED
Yes
TOTAL SQ FT
574
PRICE SQ FT
£462
SERVICE CHARGE
£1,800
Block information
- A recent conversion from commercial space to 3 studios
- The unit was fully refurbished and comprises 3 commercial studio apartments
- Each studio comes with:
- Shower room and toilet
- Open plan area
- EPC ratings C
- Council tax bands D
Leasehold information
- Length of lease: 999 years
- Year lease started: 2002
- Years left on lease: 978 years (from 2023)
- Service charge: £1,800
- Service charge review period: tbc
- Ground rent: peppercorn
- Ground rent review period: n/a
Rental information
- The apartments are let as commercial studios
- Studio 1: £700 pcm; vacant at time of listing
- Studio 2: £600 pcm; 3 year contract
- Studio 3: £650 pcm; 3 year contract
- Once fully let the units are expected to achieve:
- Monthly rental income: £1,950
- Annual rental income: £23,400
Location information
- The property is located just outside of Manchester city centre
- Deansgate railway station is an 11-minute walk from the property
- Local amenities can easily be reached in a few minutes on foot
- Easy access to the A57(M)
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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About Manchester
Manchester is a city situated around 34.8 miles east of Liverpool and 39.4 miles south west of Leeds.
The two mainline railway stations serving this city are Manchester Victoria and Manchester Piccadilly. Manchester Victoria is a combined railways station and Metrolink tram stop which is managed by Northern. Westbound from this station twice an hour there is a service to Liverpool Lime Street and another two to Manchester airport via the Ordsall Chord and Manchester Piccadilly. TransPennine express operates 4 trains per hour via Huddersfield, Leeds and York, 2 of which continue to Newcastle, 1 to Middlesbrough and the other to Scarborough. Manchester Piccadilly is the busier of the two stations in terms of number of passengers. This station runs services by six train operating companies. Virgin Trains operate three trains per hour to London Euston, two via Stoke-on-Trent and one via Crewe. Northern provides local trains services to stations in the local Greater Manchester area as well as services to the north and west of Liverpool. Transport for Wales offers hourly services along the North Wales Coast Line via Chester to destinations in Wales. CrossCountry has one hourly service to Bournemouth via Birmingham, Reading and Southampton and another hourly service to Bristol Temple Meads. Getting around the city via public transport could not be easier, with the assistance of Manchester’s Metrolink tram, that has over 90 stops throughout the Greater Manchester area.
Manchester’s Central Retail District is filled with several restaurants and bars, as well as its extensive options of stores. In addition, there are also many cultural attractions around this area, including Manchester’s Opera house, Albert Square and multiple museums.
The Greater Manchester area is home to many big corporations’ headquarters, as it is seen as the growing hub for business in the north west region and is known as the main regional centre for public services. Companies such as Google, BBC, The Co-Operative Group, Kellogg’s and Thomas Cook run large parts of their operations all from the heart of this buzzing city.
This property is ideal for students in higher education in Manchester. Manchester is a major student city with over 50,000 full time students. The three top universities in the City are University of Manchester, Manchester Metropolitan University and University of Salford, which are all about half an hour away via public transport.
Worsley Street,
Manchester,
Greater Manchester,
England,
M15 4NU
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