£200,000
2 bed flat for salePrincess Street, Manchester M1
2 beds
1 bath
1 reception
EPC Rating: D
- Leasehold
Reeds Rains - Manchester
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About this property
Ready-made investment opportunity with existing tenancy
Earn income from the date of purchase
Prime location in the heart of Manchester
Close to the university district
Good local amenities and transport links
Two double bedrooms
Dual-aspect living area with kitchen
Shower Room
Leasehold
EPC Rating D
Attention investors! This 2 bedroom apartment in the heart of the city centre offers the potential for an attractive investment opportunity in an area with strong tenant demand. Situated on the top floor of the block, within easy reach of the universities and Royal Infirmary, as well as a wide array of shops, bars and restaurants. Tenancy in place until August 2026 so only suitable for investors. EPC Rating D.
Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
MCC250369/8
4th Floor
Entrance Hall
An L-shaped hall leading to:
Living Area/Kitchen (5.92m x 4.3m (19' 5" x 14' 1"))
Windows to dual aspects providing plenty of natural light and views over the city. Open-plan kitchen with fitted base and wall units, integral electric oven and hob with extractor hood, inset sink with mixer tap, integral fridge.
Bedroom 1 (3.21m x 2.5m (10' 6" x 8' 2"))
Window, fitted wardrobe and overhead cupboards.
Bedroom 2 (3.21m x 2.5m (10' 6" x 8' 2"))
Window, fitted wardrobe and overhead cupboards.
Shower Room
Shower cubicle with sliding door, wash basin with mixer tap, WC, tiled splashbacks and flooring.
Leasehold/Council Tax
Lease term: 250 years from 28th July 2015.
Ground rent: £282.58 per annum.
Service charge: £195.96 was payable for block management for period 06/06/25-05/07/25, equating to an approximate annual figure of £2351.52. Additional charges such as electricity may apply, please verify during the conveyancing process.
Council tax band C (Manchester City Council).
Tenancy Details
An assured shorthold tenancy is currently in place at a gross rent of £1473pcm until 23/08/25. This figure includes water charges and electricity, which are deducted along with the service charge and managing agent's fees to leave a net figure to the property owner. As an example, in June 2025 this net figure was £1069.96. We have been advised that a new fixed term tenancy will then run until August 2026 at a gross rent of £1550pcm subject to the deductions above, but have yet to receive written confirmation of this.
Agent's Note
To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.
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More information
Tenure
Leasehold (239 years)
Service charge
£2,351 per year
Council tax band
C
Ground rent
£282
Ground rent date of next review