Summary - The Academy Canal Street, Manchester, M1 M1 3HE
2 bed 2 bath Apartment
Income-producing Victorian duplex in the heart of Canal Street—tenanted until Aug 2026.
Two-bedroom duplex with exposed brick and high ceilings
A two-bedroom duplex set within a converted Victorian building on Canal Street, offered with an existing tenancy through August 2026 — a clear pick for investors seeking immediate rental income in Manchester city centre. The apartment’s exposed brick, high ceilings and generous room sizes give it period character while contemporary fittings and an open-plan living/kitchen deliver modern city-living appeal. At 861 sq ft the layout is roomy for a central apartment and includes an en suite to the principal bedroom.
Practical points are straightforward: the property is leasehold with c.116 years remaining, an EPC rating of C and mains electricity heating via room heaters. Service charge and ground rent are material considerations — service charge c.£4,440 pa (above average) and ground rent £300 pa with RPI review provisions — which will affect net yield and owner costs. The building’s secure fob/code entry and lift access support ease of management.
Location is the apartment’s strongest selling point. Situated on Canal Street it sits within walking distance of major transport links (Manchester Piccadilly c.0.2 miles) and sits at the heart of a lively nightlife, leisure and dining quarter. That brings vibrancy and tenant demand but also potential noise and late-night activity — relevant for future owner-occupiers or certain tenant profiles.
Notable negatives to weigh: the area records very high crime levels and is classified as a deprived, multicultural student neighbourhood, which can affect capital growth and insurance costs. The apartment is currently let, so immediate vacant possession is not available. Investors should factor tenancy terms and service charges into financial projections. Overall this is an income-producing, characterful city-centre duplex with strong location upside for the right investor comfortable with central living trade-offs.
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