Carding Building, Whitworth Street, Manchester, M1 3AT

Key Features

- ONE-BEDROOM APARTMENT - TENANT IN SITU - TENANT IN FULL-TIME OFFICE-BASED EMPLOYMENT - CURRENT RENTAL INCOME OF £1,500 PCM / £18,000 PA - APPROX. 7.8% GROSS RENTAL YIELD - APPROX. 560 SQ FT / 52 SQ M - SPACIOUS OPEN-PLAN LIVING AREA - RESIDENTS COMMUNAL GYM - PRIME MANCHESTER CITY CENTRE LOCATION - CLOSE TO CHINATOWN, PICCADILLY & OXFORD ROAD

Property Description

On Road Property is pleased to present this well-presented one-bedroom apartment in the Carding Building, superbly positioned on Whitworth Street in the heart of Manchester city centre.

The property is currently let to a tenant in full-time office-based employment at £1,500 per calendar month and is offered for sale with the existing tenancy in place, making it an attractive opportunity for investors seeking an income-producing city centre property.

The current rental income equates to £18,000 per annum, providing an approximate gross rental yield of 7.5% based on the asking price of £240,000.

Offering approximately 52 sq m / 560 sq ft of internal accommodation, the apartment combines generous living space with a highly convenient central location.

The apartment opens into a welcoming entrance foyer and hallway, leading through to a spacious open-plan living room and eat-in kitchen. Large windows provide plenty of natural light, while the contemporary fitted kitchen offers ample storage, integrated appliances and space for a full-size dining table.

The double bedroom is generously proportioned, while the modern bathroom and separate utility room provide practical storage and convenience away from the main living accommodation.

Residents also benefit from access to a well-equipped communal gym.

Prime Manchester City Centre Location

One of the property key attractions is its exceptionally central position. Manchester Chinatown is just a short walk away, offering an excellent selection of restaurants, cafés, supermarkets and everyday amenities.

The apartment is also conveniently placed for Manchester Piccadilly Station and Oxford Road Station, providing rail connections across Greater Manchester and to destinations throughout the UK.

St Peter's Square, Piccadilly Gardens and the Metrolink network are all easily accessible, making travel around Manchester and the wider city region particularly convenient.

The property is also within easy reach of Canal Street, Manchester Central, Deansgate, the universities and the wider city centre retail and business districts, making it particularly well suited to investors seeking a genuinely central Manchester location.

Investment Information

Asking Price: £230,000 Current Rent: £1,500 PCM Annual Rental Income: £18,000 Gross Rental Yield: Approx. 7.8% Tenancy: Existing tenant in situ Tenant: In full-time office-based employment

Tenure: Leasehold; lease expires 30 March 2268 Service Charge / Management Fee: Approx. £1,783.54 p.a. Ground Rent: £250 p.a. Council Tax: Band D EPC: B Approximate Floor Area: 52 sq m / 560 sq ft

Disclaimer

These particulars are provided by On Road Property for general guidance only and do not form part of any offer, contract, representation or warranty. While every effort has been made to ensure accuracy, no responsibility is accepted for any error, omission or misstatement.

All details, including tenancy information, rental income, tenure, lease length, service charge, ground rent, management fees, building information, utilities, council tax, rental estimates, investment figures, fixtures, fittings and appliances, are provided by the seller, managing agent or third parties and have not been independently verified by On Road Property.

The stated gross rental yield is calculated using the current rent of £1,500 per calendar month and the asking price of £240,000. It does not take into account service charges, ground rent, management fees, maintenance costs, void periods, taxation or other expenses.

Measurements, distances, travel times, photographs, floor plans and maps are approximate and for illustration only. Interested parties should satisfy themselves by inspection, survey, legal enquiries or otherwise before making any offer or entering into any agreement.

On Road Property and its employees have no authority to make or give any representation, warranty or guarantee in relation to this property.