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Parkers Apartments, 115 Corporation Street, Manchester, M4

1 Bedroom Apartment for Sale in Parkers Apartments, 115 Corporation Street, Manchester, M4

£120,000 1 bedroom apartment for sale

1 Bed1 Bedroom
1 Bath1 Bathroom
1 Reception

Investment Opportunity / 1-Bed Apartment with Tenant in Situ / Parkers Apartments / Corporation Street/ Whole flooring has been refitted since photos

An excellent opportunity for an investor to acquire a 1-bedroom apartment within the Parkers Apartments development. This property is being sold strictly as an investment opportunity with an established tenant in situ, offering immediate rental income. Situated in a prime location with fantastic access to local amenities and transport links, it is an ideal addition to a buy-to-let portfolio with a GROSS RENTAL YIELD OF 8.95%!

EPC RATING B

- COUNCIL TAX BAND B

- Current rental Income: £895 per calandar month

- Gross Yield: (8.95%)

- Lease Length: Approx. 980 years remaining (Lease started 1st January 2005).

- Total Fixed Annual Costs: £2,050 per annum (see below).

- Service Charge: £1,600 per annum (Includes building insurance, payable annually or in installments).

- Sinking Fund Contribution: £350 per annum (Collected alongside service charge).

- Ground Rent: £100 per annum. Review Note: Highly favorable terms, the ground rent increases by just £50 every 50 years; it does not double.

- Building Safety & Lending Information: In compliance with current material disclosure requirements, the property features a highly secure building safety profile:

- EWS1 Status: The development holds a valid, unwithdrawn B1 rating (dated September 2023), meaning the building risk is assessed as low and is generally acceptable to mainstream lenders.

- Recent Lending Success: A successful transaction within the development completed as recently as March 2026 utilising a mainstream mortgage through Skipton Building Society.

- Legal Protections: Both a Landlord’s Certificate and Leaseholder Deed of Certificate are fully prepared, confirming full statutory legal protections under the Building Safety Act 2022.

- High-Rise Registration: The building is officially registered with the UK Building Safety Regulator (Ref: HRB09419N0J1).

- Future Planning: The freeholder has already appointed a competent company to carry out an updated FRAEW / PAS 9980 assessment to provide the latest evidence for future lending requirements.