Summary - 906 City Suites, 16 Chapel Street M3 7NH
1 bed 1 bath Flat
Compact aparthotel room with communal spa facilities, for investors only.
Central Manchester location, seconds from city centre amenities
A compact one-bedroom apartment within City Suites I, situated on Chapel Street just minutes from central Manchester. Designed for aparthotel operation, the flat is offered strictly as an investment under an underlease that prohibits personal occupation and requires compliance with operator-set room rates. The property totals 366 sq ft and benefits from a long lease with 241 years remaining.
The building provides strong tenant-appeal amenities: an 18m indoor pool, jacuzzi and a 24/7 gym, plus landscaped communal areas and a modern glass façade that suits short-stay guests. Practical advantages include low flood risk, excellent mobile signal and fast broadband — useful for marketing to business and leisure visitors. Heating is by a community scheme.
Buyers should weigh the steady income potential against notable running costs and legal restrictions. Service charge is £4,659.02 per year (reviewed annually) and ground rent is £587 per year (reviewed every five years, linked to RPI). The underlease specifically forbids personal use and restricts pricing decisions to the aparthotel operator, limiting owner control over occupancy or rates.
This is a focused asset for investors seeking a hands-off aparthotel income in a central, multicultural student and city-centre neighbourhood. It suits portfolios targeting short-let yields, provided the high service/management costs and use restrictions fit your investment model.
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