Scholes Street, Oldham, Lancashire, OL1 3FZ
Thornley GrovesThornley Groves is a leading estate and auction house specializing in property sales, lettings, and auctions across Greater Manchester. With a strong reputation for expert local knowledge and innovative marketing, they provide a seamless property experience for buyers, sellers, landlords, and investors.
Read more Read moreThe property has a current £6,300 annual rental income equating to a fantastic 8.4% yield. This has further potential to rise to £7,200 and 9.6% yield. Can be sold with sitting tenants or as vacant possession. Comprising of; main communal entrance with lifts to all floors, flat entrance, living room/ kitchen/ bedroom combined plus shower room. There are no plumbing facilities within the apartment itself, communal paid washing facilities are positioned at basement level. This apartment is sold as furnished with; a double bed, sofa, wardrobe storage, dining table, TV stand, fridge, microwave, hob and shower room. There is also an intercom entry system for visitors and an integrated fire alarm system. There are also excellent nearby transport links, with routes to Manchester City Centre and surrounding areas. This apartment does NOT come with parking facilities. EPC Rating = B Council Tax Band = A Leasehold Lease Information = 247 years on lease Ground Rent Charge = £500 per annum Service Charge = £113 per month Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
