The Box Works, 4 Worsley Street, Castlefield
Property Description
We are delighted to offer the opportunity to purchase a unique property in a former cardboard factory where the ground rent is `a cardboard carton, if demanded`. As the first scheme in Manchester to sell `shell space` and provide the opportunity for the owners to become the designers (with the help of an architect), this 1920`s Art Deco warehouse offers bespoke city centre living in the heart of Castlefield. Occupying a prominent position on the banks of the River Irwell, this award winning development offers innovation at its very heart and continues to attract interest in a diverse property market.
The development benefits from a secure communal entrance, lift service to all floors and a well maintained canal side communal garden with picnic benches and table tennis table for the sporting enthusiast.
This second floor apartment briefly comprises: spacious entrance/hallway; open plan lounge/diner with exposed steel work and concrete ceiling, access to balcony; kitchen with integrated appliances; primary bedroom with additional access onto balcony; ample dressing room and fitted wardrobe space; second double bedroom/work from home space with en suite facilities; primary bathroom.
Sold with the use of a secure parking space, the property is currently tenanted until 14th January 2025 achieving £1,350 pcm. On request, a 6 month break clause can be exercised should vacant possession be required.
We can confirm the development has been issued a EWS1 form with B1 rating which may requested by lenders issuing a mortgage.
Tenure: Leasehold
Annual service charge: £3,346.86
Annual ground rent: `a cardboard carton, if demanded`
Length of lease: 999 years from 1999
Current rental income: £1350 pcm
Management company: Realty