Boundary Lodge
Boundary Lane
Manchester, M15 6NU
Please contact us for price
- Space Available8,438 ft² / 784 m²
- Summary
- Energy rating
- Location
- Brochures
- Agents
Summary
100% let purpose-built student development within short walking distance of the Manchester University Campus.
- Manchester is a first-class student destination with over 100,000 students across three major universities
- 100% let for 2019/20 academic year generating £266,803 p.a.
- Offering 35 student study bedroom arranged over 8 flats
- Rental growth of 24.8% achieved since 2014/2015
- Freehold site with possible additional development potential
Description
Purpose built student accommodation comprising 8 apartments and a total of 35 en-suite rooms. Internally the the apartments are well specified with a breakdown as follows;
- Fitted kitchen comprising; microwave oven, dishwasher, fridge/freezer, electric fan over & ceramic hob
- Wall mounted televisions & sofa's in lounge area of each flat
- Fitted bedroom furniture including; bed, desk, wardrobe & double bed
- Timer controlled electric panel heaters
- Carpeted bedrooms throughout and wood-style vinyl flooring in communal areas
- Secure electronic fob entry system
Virgin Fibre Optic Broadband is provided to the building with WIFI extension nodes delivering fast broadband speeds to all residents. Communal facilities provided at ground floor include;
- Laundry facilities: 2x washers & 2x dryers externally managed
- Communcal living area
- Site office and WC
- Storage room
The site provides a total of 12 parking bays to the rear all of which are let and managed utilising a number plate recognition system.
The site occupies a 0.22 acre plot and there is an opportunity to extend the existing structure subject to planning. Interested parties are encouraged to consult a specialist planning advisor.
Income Breakdown
Current income breakdown is as follows:
Flat | Description | Beds | Rent £ pppw | Rent p.a. | Tenancy Info
1 | 3 beds en-suite, and
kitch/living room | 3 | £155 | £19,995 | Let until June 2020
2 | 4 beds en-suite, and
kitch/living room | 4 | £155 | £26,660 | Let until June 2020
3 | 5 beds en-suite and
kitch/living room | 5 | £155 | £33,325 | Let until June 2020
4 | 4 beds en-suite and
kitch/living room | 4 | £155 | £26,660 | Let until June 2020
5 | 5 beds en-suite and
kitch/living room | 5 | £155 | £33,325 | Let until June 2020
6 | 4 beds en-suite and
kitch/living room | 4 | £155 | £26,660 | Let until June 2020
7 | 5 beds en-suite and
kitch/living room | 5 | £155 | £33,325 | Let until June 2020
8 | 5 beds en-suite and
kitch/living room | 5 | £155 | £33,325 | Let until June 2020
TOTAL | | | | £233,275 |
Additional income as follows:
Additional Income
Comments
£ pcm
£ p.a.
Solar
paid quarterly
£200
£2,400
Office
paid monthly
£100
£1,200
Parking (12 bays)
paid monthly
£1,080
£12,960
Summer Income*
£16,968
TOTAL
£33,528
*Based on summer 2019 income
Operator / Management
The property is currently managed by CMC Properties who operate from the ground floor office. CMC Properties are open to discuss the ongoing management position with incoming purchasers and contact details can be provided upon request.
CMC Management have managed the leasing and operation of the asset since completion.
Manchester Higher Education
Manchester has three Universities located within the city, the University of Manchester, Manchester Metropolitan University and the University of Salford, as well as the Royal Northern College of Music and Drama. There are 82,945 full-time students studying within the different establishments.
Manchester University is ranked 18th in the UK within The Times Good University Guide 2020. The university is currently investing £1 billion on the campus, the flagship Manchester Engineering Campus Development is an excellent example of this investment. The £400m building will house Manchester's four engineering schools and two research institutes. Other facilities in the pipeline include the £235m Sir Henry Royce Institute for Advanced Materials Research which is due to open this year.
Tenure
Freehold
Additional Information
We have a comprehensive datasite available, please contact George Oakey for access.
Energy rating
EPC Exempt
Location
- An abundance of local amenity surrounding the universities.
- Manchester Science Park neighbours Boundary Lodge and is the UK’s leading provider of specialist environments and growth support to science and technology companies on their journey to business success.
- Oxford Road Train Station is just 15/20 min walk and links with Manchester Piccadilly Train Station to the east.
Agent

George Oakey
Director
Agent details
Disclaimer
JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:
- The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
- All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
- No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
- Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken;
- If the Property is in Scotland, this correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.
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