Summary - THE QUADRANGLE, 1 APARTMENT 120 LOWER ORMOND STREET MANCHESTER M1 5QD
2 bed 2 bath Flat
Compact two-bedroom investment in The Quadrangle — tenant in situ and strong central location..
Two bedrooms and two bathrooms with en-suite to master
Tenant in situ at £1,450pcm until 22/08/2026 (income immediate)
Approx 606 sq ft; compact city-centre layout, open-plan living
Leasehold with ~103 years remaining; ground rent £200pa
Service charge c. £2,236.64 per year; buildings insurance extra
Electric room heaters only — likely higher running costs
EWS1 certificate in place; modern building (c.2003–2006)
Walkable to Manchester University and Piccadilly station
Set on the 5th floor of The Quadrangle, this two-bedroom, two-bath apartment offers a modern open-plan living space and concierge service in Manchester city centre. Its location is walking distance to Manchester University and Piccadilly Station, making it attractive to students and city professionals.
The property is sold with a tenant in situ paying £1,450 pcm until 22/08/2026, providing immediate rental income and a current gross yield of about 7.7% at the asking price of £225,000. Practical features include an en-suite to the master bedroom, a fitted main bathroom, integrated kitchen appliances and double glazing. An EWS1 certificate is in place.
Buyers should note this is a leasehold flat (approximately 103 years remaining) with an annual service charge of £2,236.64 and ground rent of £200. Heating is electric via room heaters, which can mean higher running costs compared with gas-heated homes. The property is in a multicultural, student-centred area and the wider neighbourhood shows higher deprivation levels, though recorded crime is very low.
This is a straightforward investment opportunity for someone targeting city-centre lettings: strong location, immediate income, and manageable lease length. Owner-occupiers should consider the compact overall size (606 sq ft) and the costs associated with electric heating and service charges before viewing.
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