Studio for sale

16 Chapel Street, Salford M3

This Property is Being sold Purplebricks Secure Sale

An attractive investment-only opportunity to acquire a studio within a prestigious aparthotel development in the heart of Deansgate, Manchester.

This is a commercial investment and is not available for residential occupation. The property operates under an existing underlease and management model, with the new owner required to continue under the same arrangement. The aparthotel operator manages the property, providing investors with a hands-off investment model without the day-to-day management responsibilities.

Ndicative Image Disclaimer

Please note: Internal images shown are of a neighbouring apartment within the same development and not the apartment being sold. They are provided to illustrate the general standard of décor and finish only. The property differs in size and layout. An internal viewing is strongly recommended.

Owners receive quarterly payments based on the performance of the aparthotel, after applicable costs. Returns can vary from quarter to quarter, with the potential for investors to benefit from the ongoing performance of the development.

The development offers an impressive hotel environment with facilities including a swimming pool and leisure amenities, helping to attract guests and support the investment proposition.

With no ground rent or service charge, this represents an interesting opportunity for investors seeking an income-producing asset in a prime Manchester city-centre location.

Cash buyers only. Investment purposes only.

Secure Sale is a faster and more secure way to sell or purchase a property, where the seller and the buyer commit to the transaction and an agreed fixed timescale.

A legal pack (including searches) will be created upfront and made available to any interested parties and passed to the conveyancers once a sale has been agreed. Please contact Purplebricks to view these documents.

When an offer is accepted, the buyer will be required to pay a non-refundable Reservation Fee of £6995 including VAT (in addition to the final negotiated selling price), sign a Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Purplebricks Secure Sales team

Property Ownership Information

Tenure

Leasehold

Council Tax Band

A

Annual Ground Rent

No ground rent

Ground Rent Review Period

No review period

Annual Service Charge

No service charge

Service Charge Review Period

No review period

Lease End Date

11/11/2029

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required.