2 bedroom Apartment for sale: Quadrangle, Lower Ormond Street, Manchester


  • reception rooms 1
  • bedrooms 2
  • bathrooms 2
Reference: 36991_13603719

Key Features

  • Fourth floor apartment
  • Spacious open plan living area
  • Secure ob entry and intercom system
  • Popular development
  • Modern fitted kitchen
  • Bathroom and en-suite
  • Concierge service
  • Walking distance to Manchester City Centre
  • Let for academic year 2018 - 2019
  • Producing an income of £1,300 per calendar month

Description

Investment opportunity. Modern fourth floor two bedroom/two bathroom apartment. The property is currently let from 22nd July 2018 - 21st July 2019 with a rental income of £1,300 per calendar month offering a six percent return based on the marketing price. The Quadrangle development is one of Manchester's most sought after developments for students to rent. Located a few minutes walk off Oxford Road the property is within easy reach of the Manchester Universities, Manchester Royal Infirmary and a variety of shops, cafes, bars and restaurants.

The property briefly comprises a large 'L' shaped entrance hallway with cupboard. Good sized open plan living/dining area with fully equipped modern kitchen, two good sized double bedrooms and two bathrooms. This very popular development benefits from a concierge service and lift to all floors.

Tenancy Information

The apartment is let from July 2018 - July 2019 with a rental income of £1,300 per calendar month.

Leasehold Information

Built in 2006 with 125 year lease.
112 years remaining
Ground rent £200.00 per year
Service charge £1711.92 per year

Entrance Hallway

Large 'L' shaped entrance hallway with storage cupboard. Access to all rooms

Lounge/Dining/kitchen

9.5 (max) x 3.6 (max) (31'2 (max) x 11'9 (max))
Large open plan living/dining area leading through to a modern fitted kitchen with high gloss base and wall units. Inset stainless steel sink with drainer, integral electric oven and hob, fridge and freezer, dishwasher, built-in microwave and breakfast bar.

Bedroom

5.77 x 2.65 (18'11 x 8'8 )
Master double bedroom with en-suite.

Bedroom

4.55 x 2.36 (14'11 x 7'8 )
Again double bedroom.

Bathroom

2.19 x 2.15 (7'2 x 7'0 )
Three piece suite with bath and shower over, low level w/c and washbasin.

En-suite

2.15 x 1.77 (7'0 x 5'9 )
Walk-in shower unit, low level w/c and washbasin.

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Reference: 36991_13603719

Contact Agent

City Centre & North Manchester
Tel: 0161 236 8606