Property for Auction in Manchester - Flat 2, Carmel Court, 14 Holland Road, Manchester

Attention landlord investors! An ideal addition to any Buy To Let portfolio - a tenanted apartment located on the outskirts of Manchester City Centre achieving a rental income of £630pcm/£7,560, producing a healthy gross yield approaching 19% when based on the quoted guide price.

Whilst we have not inspected the apartment, we understand it to comprise a Lounge, kitchen, bedroom and bathroom.

The development 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 2015 Ground Rent - £328.34pa Service Charge - £3495.04pa (paid £873.76 per quarter) Tenure Leasehold 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 F 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.