Spinning Mill, Lower Vickers Street... 2 bed apartment for sale

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Spinning Mill, Lower Vickers Street... 2 bed apartment for sale

Spinning Mill, Lower Vickers Street, Manchester, M40
£230,000

Price History

Initial price £245,000
21/07/25 £230,000
Price Change -6.12%

Description

This investment property is a third-floor apartment located in the heart of East Manchester, an area undergoing regeneration and growth. The apartment features a secure communal entrance, private entrance hallway, spacious living room with a brick vaulted ceiling, fully fitted kitchen, and two double bedrooms with the main being en-suite. The property is currently let at £1250 PCM, generating a gross yield of 6.12%. The area has seen significant development, including the construction of SportCity for the 2002 Commonwealth Games, and is home to several major sporting venues. The property benefits from resident parking, FTTP broadband connection, and mains water and drainage. The leasehold property has a 250-year lease term, with a ground rent of £180 per year and a service charge to be determined.