Studio

*INVESTMENT OPPORTUNITY. TENANTED UNTIL NOVEMBER 2023 WITH A RENTAL INCOME OF £800 PER MONTH | £9,600 PER ANNUM* FOR SALE BY ONLINE AUCTION. Starting Bid £115,000. A spacious studio apartment on the 18th floor of an iconic MediaCity development with stunning views across the Manchester skyline.

The modern studio apartment is offered Furnished and provides 325 sq.ft of accommodation comprising hallway with storage and utility cupboards, living space with floor to ceiling windows, compact kitchenette with integrated oven, hob and under counter fridge and a fully-tiled three piece bathroom suite. Residents can also enjoy access to a communal lounge and on-site gymnasium. EPC RATING B (83).

Michigan Tower A sits in a prime location just minutes from Salford Quays and MediaCityUK with a host of amenities close by including shops, bars and restaurants as well as BBC and ITV studios and offices. For commuters further afield, the property sits across from Harbour City Tram Station providing instant access to Manchester City centre & Manchester Airport whilst the M602 motorway is just a short drive away.


General
Tenure: Leasehold
Service Charge: £1,000 per annum
Ground Rent: £250 per annum
Lease: 975 years (less 5 days) from 01 January 2016
Council Tax Band: B
Management Company: Haymarket

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.