Property for Auction in Manchester

A tenanted apartment located on the outskirts of Manchester City Centre achieving a rental income of £650pcm/£7,800, producing an attractive gross yield of 19.5% when based on the quoted guide price.

The apartment is located on the 3rd floor and can be accessed via a lift and accommodation comprises entrance vestibule, bathroom, lounge & kitchen. The bedroom area is located off the lounge and uses borrowed light.

The property sits in a convenient location with easy access to local shops, Manchester City Centre, North Manchester General Hospital and Heaton Park.

Lease Length - 250 years from January 2005 Ground Rent - £328.34pa Service Charge - £3,495.04pa (£873.76 per quarter) Tenure Leasehold Third Floor Apartment Entrance Vestibule
Lounge
Kitchen
Bedroom Area
Bathroom Energy Efficiency Rating (EPC) Current Rating C Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Local Authority Manchester City Council Council. Tax Band A Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1500 inc VAT. Disbursements - Search Fees: £300 inc VAT. Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.