Description
A substantial end terraced property which now offers three self-contained apartments over three floors.
The three flats are all one bedroom and are fully let on Assured Tenancies, giving a combined income of £23,400 per annum.
There is an enclosed rear yard for bin storage and garage. Situated opposite Crumpsall Park.
Well placed for a wide range of local amenities including shops, schooling, Crumpsall Park and North Manchester General Hospital.
Flat 1 - Let at £450 pcm - Increasing to £650 pcm from 15th October 2024.
Flat 2- Let at £424 pcm - Increasing to £650 pcm from 15th October 2024.
Flat 3- Let at £500 pcm - Increasing to £650 pcm from 15th October 2024.
A great investment opportunity with income from day one.
Costs
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price:
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.