Summary - CAMINADA HOUSE, 3 APARTMENT 60 ST LAWRENCE STREET MANCHESTER M15 4DY
2 bed 2 bath Apartment
Vacant investment with parking and balcony near Manchester core.
- Two double bedrooms, two bathrooms including en suite
- Open-plan living area with private balcony
- Vacant on completion — immediate rental or refurbishment opportunity
- Achievable rent circa £1,200 pcm; strong gross yield potential
- Allocated off-street parking included
- Leasehold with ~104–105 years remaining
- Service charge about £2,358pa and ground rent £100pa
- Main heating by electric room heaters (higher running costs)
Offered for sale by online auction with a six-week completion, this vacant two-bedroom apartment occupies 734 sq ft in a purpose-built block completed in 2005. The open-plan living area with integrated kitchen opens onto a private balcony; the main bedroom benefits from an en suite and there is allocated off-street parking. The property is leasehold with about 104–105 years remaining, a service charge of approximately £2,358 per year and a ground rent of £100 per year.
Presented as a ready-to-rent city-centre asset, the flat is aimed squarely at investors. Current achievable rent is estimated at around £1,200 pcm (gross yield circa 16%), supported by proximity to Manchester city core and local professional rental demand. The apartment is vacant, which allows immediate re-letting or refurbishment to improve returns.
Buyers should note some practical considerations: main heating is electric room heaters (higher running costs compared with gas central heating), and the wider neighbourhood records high deprivation indices. Service charges are moderate-high for a flat of this size and the tenure is leasehold (long lease but finite). These factors should be weighed against the strong rental prospects and central location.
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