Turn-key fourth-floor investment in New Islington — high yield, long lease, cash buyers preferred.
Two double bedrooms, master with en-suite wet room
Floor-to-ceiling windows; strong natural light and city views
EWS1 available; marketed to investors with 8.21% yield
Long lease: 231 years remaining; leasehold tenure
Service charge circa £3,900pa; relatively high running cost
Electric room heaters — higher energy costs than gas
No onward chain; lifts and communal courtyard included
Possible non-qualifying leaseholder exposure — check liabilities
A purpose-built two-bedroom apartment in the Albion Works development, presented as a turn-key investment with EWS1 clearance and an advertised 8.21% rental yield. Located on the fourth floor, the flat benefits from floor-to-ceiling windows, open-plan living and two bathrooms (including an en-suite), offering strong lettability to nearby students and young professionals.
Practical strengths include a long lease (231 years remaining), no onward chain, lifts to all floors and communal courtyard space. The apartment is compact but well laid out across approximately 774 sq ft, with an integrated kitchen and good natural light from full-height glazing — features that appeal to the central Manchester rental market.
Material costs and ownership facts to note: the service charge is relatively high at around £3,900pa and ground rent is £150pa. Heating is electric (wall-mounted heaters), which can mean higher running costs compared with gas-heated homes. The building may include non-qualifying leaseholders under the Building Safety Act 2022 — buyers should confirm exposure to any remediation liabilities and check with lenders before committing.
This lot is being marketed to investors only and the vendor prefers cash buyers. For a purchaser targeting rental income in a cosmopolitan, student-heavy pocket close to transport links, this apartment offers immediate income potential but requires due diligence on service charges, heating costs and any building-level safety liabilities.
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