1 bed flat for sale

Fairbairn Building, 55 Henry Street, City Centre, Manchester M4

This immaculately presented and spacious 516 sqft studio apartment is located on the fourth floor, just a short walk from the vibrant Northern Quarter. Positioned in Cutting Room Square, Ancoats, an area renowned for its independent cafés, bars, and restaurants, the property offers the very best of city living right on the doorstep.

Ideal for a first-time buyer or investor seeking strong rental potential, the accommodation briefly comprises a generous open-plan living and sleeping area with floor-to-ceiling windows, flooding the space with natural light, along with a fully integrated modern kitchen. Subject to the necessary consents, there is also potential to reconfigure the layout to create a traditional one-bedroom apartment.

Due to the size of the unit, we recommend marketing the property highlighting its potential to be converted into a one-bedroom apartment, giving buyers the opportunity to add value if desired.

The property is currently achieving £1,045 per month until September. In addition, a parking space is rented separately for £150 per month, producing a combined monthly income of £1,195 and providing an attractive gross yield of 12.4%.

A fantastic opportunity to secure a contemporary apartment in one of Manchester’s most sought-after locations.

Mortgage buyers welcome. B1 Rated EWS1 Form in place.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £445 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Subject to contract. EPC Rating B.