We are delighted to offer the opportunity to purchase a unique property in a former cardboard factory where the ground rent is `a cardboard carton, if demanded`. As the first scheme in Manchester to sell `shell space` and provide the opportunity for the owners to become the designers (with the help of an architect), this 1920`s Art Deco warehouse offers bespoke city centre living in the heart of Castlefield. Occupying a prominent position on the banks of the River Irwell, this award winning development offers innovation at its very heart and continues to attract interest in a diverse property market.The development benefits from a secure communal entrance, lift service to all floors and a well maintained canal side communal garden with picnic benches and table tennis table for the sporting enthusiast. This second floor apartment briefly comprises: spacious entrance/hallway; open plan lounge/diner with exposed steel work and concrete ceiling, access to balcony; kitchen with integrated appliances; primary bedroom with additional access onto balcony; ample dressing room and fitted wardrobe space; second double bedroom/work from home space with en suite facilities; primary bathroom.Sold with the use of a secure parking space, the property is currently tenanted until 14th January 2025 achieving ?1,350 pcm. On request, a 6 month break clause can be exercised should vacant possession be required.We can confirm the development has been issued a EWS1 form with B1 rating which may requested by lenders issuing a mortgage.Tenure: LeaseholdAnnual service charge: ?3,346.86Annual ground rent: `a cardboard carton, if demanded`Length of lease: 999 years from 1999Current rental income: ?1350 pcmManagement company: RealtyNoticePlease note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.Council TaxManchester City Council, Band EUtilitiesElectric: Mains SupplyGas: NoneWater: Mains SupplySewerage: Mains SupplyBroadband: NoneTelephone: NoneOther ItemsHeating: Not SpecifiedGarden/Outside Space: NoParking: YesGarage: No
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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