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2 bedroom apartment for sale
The Quadrangle, 1 Lower Ormond Street, Southern Gateway
£240,000
The Quadrangle, 1 Lower Ormond Street, Southern Gateway
£240,000
Our Summary
- We can confirm the development benefits from an EWS1 form with B1 rating which maybe required by lenders issuing a mortgage
Description
This property is a well-positioned buy-to-let investment in Manchester's popular development, The Quadrangle, opposite Manchester Metropolitan University. The fourth-floor apartment benefits from a bright south-facing aspect and comprises an entrance hallway, open-plan lounge/diner with balcony access, kitchen with integrated appliances, two double bedrooms, and a bathroom. The property is currently tenanted until August 2025, achieving a rental income of £1,500 per month, and is available with vacant possession from August 2025. The development has an EWS1 form with a B1 rating, which may be required by lenders issuing a mortgage. The property is leasehold, with an annual service charge of £2,369, annual buildings insurance of £341, and annual ground rent of £200, with a remaining lease term of 125 years from 2004.