Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Bentley Hurst - Manchester Phone: 0161 937 7343

*Investment Opportunity / 1-Bed Apartment with Tenant in Situ / Parkers Apartments / Corporation Street/ Whole flooring has been refitted since photos*<br/><br/>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%!<br/><br/> - EPC RATING B<br/><br/>- COUNCIL TAX BAND B<br/><br/>- Current rental Income: £895 per calandar month<br/><br/>- Gross Yield: (8.95%)<br/><br/>- Lease Length: Approx. 980 years remaining (Lease started 1st January 2005). <br/><br/>- Total Fixed Annual Costs: £2,050 per annum (see below). <br/><br/>- Service Charge: £1,600 per annum (Includes building insurance, payable annually or in installments). <br/><br/>- Sinking Fund Contribution: £350 per annum (Collected alongside service charge). <br/><br/>- Ground Rent: £100 per annum. Review Note: Highly favorable terms, the ground rent increases by just £50 every 50 years; it does not double. <br/><br/>- Building Safety & Lending Information: In compliance with current material disclosure requirements, the property features a highly secure building safety profile: <br/><br/>- 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. <br/><br/>- Recent Lending Success: A successful transaction within the development completed as recently as March 2026 utilising a mainstream mortgage through Skipton Building Society. <br/><br/>- 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. <br/><br/>- High-Rise Registration: The building is officially registered with the UK Building Safety Regulator (Ref: HRB09419N0J1). <br/><br/>- 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.<br/><br/>