2 bedroom apartment for sale

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2 bedroom apartment for sale

The Quadrangle, 1 Lower Ormond Street, Southern Gateway M1
£230,000

Our Summary

  • We can confirm the development benefits from an EWS1 form with B1 rating which maybe required by lenders issuing a mortgage

Description

Goodwin Fish is offering a buy-to-let investment opportunity in Manchester's popular development, The Quadrangle, achieving a 7.2% yield. The property, located on the fourth floor, has a bright south-facing aspect and comprises an entrance hall, open-plan lounge/diner with balcony access, kitchen with integrated appliances, two double bedrooms, and a bathroom. The property is currently tenanted until 2025, with a rental income of £1,500 per month, and will have vacant possession available from August 2025. The development benefits from an EWS1 form with a B1 rating, and the property is leasehold with a 125-year lease from 2004. The annual service charge, buildings insurance, and ground rent are £2,369, £341, and £200, respectively.