Studio Flat For Sale £150,000
James Brindley Basin, Piccadilly Village, Manchester, M1

Amazing investment for either potential landlord or owner occupier with a rental potential of £950 to £1,000 pcm projecting a gross yield of 8%.

This amazing, refurbished, compact waterside studio apartment of approx. 365 sq. ft. has been innovatively designed, is attractively presented and has an electric heating system, double glazing, alarm system and intercom entry. The property is offered for sale with no onward chain.

The property stands adjacent to the waterfront of the Ashton Canal and forms part of the popular Piccadilly Village development which was constructed in the early 1990s and over the years has become a highly desirable place to live, close to all amenities and within 400m of Piccadilly Station.

The development is surrounded by a secure perimeter fence with attractive landscaped gardens, walkways, central piazza and electronic gates open to William Jessop Court where there is a secure designated parking space for this particular apartment.

ACCOMMODATION



Ground Floor Communal Entrance Vestibule. Communal Entrance Hall. Further enclosed Private Lobby leading to the Apartment: -



Entrance Hall with front door, oak parquet flooring, built in airing cupboard with hot water cylinder, cloaks cupboard, intercom entry phone system, radiator.



Lounge/Dining Room/Kitchen (rear), overall measurements 21 ft 7 (6.58m) x 12 ft 7 (3.84m), innovatively designed and planned with feature porthole double glazed window overlooking the Ashton Canal, side double glazed window, oak parquet flooring, radiator, integrated enclosed double bed base with storage space below and concealing curtain, low voltage spotlighting.



Attractive, refurbished Kitchen Area with a range of fitted units with white doors and stone effect worktops, extractor hood, ceramic hob with electric under oven, metro style ceramic tile splashbacks, recess for fridge/freezer, space and plumbing for washing machine, single drainer sink unit, drawer pack.

Separate Bathroom/WC combined (off the main hallway) measuring 7 ft (2.13m) x 5 ft 6 (1.68m) with attractive white suite with chrome fittings comprising low level WC, wash hand basin in vanity unit, bath with electric overbath shower, mirror, striplight/shaver point, electric fan heater, extractor fan, part tiled walls, vinyl floor covering.



Outside, there are attractive communal walkways enclosed by a secure perimeter fence around the walkways of the Ashton Canal, Piazza Bridge, beautiful communal landscaped gardens of Thomas Telford Basin and there is a secure designated parking space with this particular property with access from electronically operated communal gates.



Tenure

We are advised by the vendor the property is believed to be long leasehold for the residue of 250 years from 1st January 2022. The leaseholders of Piccadilly Village own the freehold therefore every leaseholder will have a share certificate of ownership which makes for better control over the management of the development and future resale.



Service Charge & Ground Rent

There is a peppercorn Ground Rent and a Service Charge payable to the Management Company (currently £43.40 per month).



Depending on the Leasehold /Freehold title any current Ground/Chief Rent, if applicable, together with current service charge details are to be confirmed by the Vendors solicitor (but are available on request from our office at any time).

Local Authority is Manchester City Council

Council Tax Band: A



Directions

Travelling along Great Ancoats Street in the direction of the Northern Quarter, on coming to the traffic light junction at Store Street, turn left into Store Street and then first left into Millbank Street following the road to its end where the entrance to James Brindley Basin and William Jessop Court can be found on the right hand side.