3 bedroom apartment

Interested parties should contact Knight Frank Auctions for further information.

Description
*Investment Opportunity* A three-bedroom, lower ground floor apartment in Manchester, currently let producing £20,940 per annum.
A three bedroom apartment situated within Chorlton Mill, a popular period conversion located in the heart of Manchester City Centre. The unique building is well presented throughout and boasts plenty of character, with many of the original features still remaining. The apartment sits on the lower ground floor, measuring 1163 sq ft and benefits from its own private garden. The property is sold subject to a tenancy with a current rent of £1,745pcm.

Please be advised that the auctioneers have not personally inspected the property. The photos provided are from when the property was vacant. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding. These sales details are awaiting vendor approval.

Location
Chorlton Mill is well located within a highly regarded area of Manchester, all necessary amenities and services can be found nearby including shopping facilities, an array of bars & restaurants and convenient transport links with Oxford Road Station and Deansgate Tram Stop both within walking distance. The property is also well placed for access to Manchester's University Campuses, Alliance Business School and Manchester Royal Infirmary/Children's Hospital.

Occupancy
Tenanted

Tenancies
Currently let producing £22,200 per annum

Tenure
Leasehold

Leasehold Information
Lease term 999 years from 5th May 2003. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Buyers Fee
The buyers fee is 2.4% including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Viewings
We endeavour to have a block viewing before the auction date. Please [use Contact Agent Button] with your name and contact number and we will be in touch once this has been arranged

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to 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.

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.