Parkers Apartments, 115 Corporation Street, Manchester, M4

- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- Victoria Station Across the Road
- Short Walk To Deansgate
- Close To All Amenities
- Good Transport Links
- Fourth Floor
- Fitted Kitchen With Modern Appliances
- One Double Bedroom
- Balcony
- Leasehold
- EPC Rating B
Description
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.
Entrance Hall
1.83m x 3.33m
Living Room
3.7m x 4.47m
Master Bedroom
2.62m x 3.48m
Bathroom
1.75m x 1.88m
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Parkers Apartments, 115 Corporation Street, Manchester, M4
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Visit our security centre to find out moreDisclaimer - Property reference BEH230568. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bentley Hurst, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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