Summary -
Flat 204,40, Little Lever Street,MANCHESTER,M1 1AR
M1 1AR
1 bed 1 bath Studio
Ready-made city-centre investment with tenant and inclusive bills.
Cash buyers only; sold with active tenant in place
Quoted 10.7% rental yield (investor figure provided)
Bills (electricity, water, broadband) included in service charge
Underfloor heating with heat-pump recovery system
Lease: 243 years remaining (long lease)
Service charge £3,556.88/year; ground rent £327.68/year
Located in Northern Quarter — high rental demand, student-heavy area
Average broadband speeds; mobile signal excellent
Set in the creative heart of Manchester’s Northern Quarter, this studio is presented as a ready-made investment with an active tenant and a quoted 10.7% rental yield. The apartment is fully furnished and benefits from modern comforts including underfloor heating with a heat-pump recovery system. Bills for electricity, water and broadband are included in the service charge, simplifying landlord administration.
This is a cash-investors-only opportunity: the property is sold with a tenant in situ, so immediate hands-on occupation is not an option. The lease has 243 years remaining, providing long-term security, but annual service charges and ground rent are notable running costs to factor in (service charge £3,556.88; ground rent £327.68).
The building’s industrial-style exterior and high ceilings suit Northern Quarter renters — students and young professionals attracted to the area’s independent shops, bars and transport links. Broadband speeds are average and mobile signal is excellent. The local area is classified as a cosmopolitan student neighbourhood with high rental demand but wider-area deprivation levels to bear in mind.
Practical positives include a compact, light-filled studio layout, integrated kitchen appliances and a contemporary bathroom. Major maintenance issues are not listed, but the relatively high service charge and bills-included arrangement will affect net yield and should be modelled carefully by prospective buyers.
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