No longer on the market
This property is no longer on the market
Floorplan
Map1 bedroom flat
Auction
Flat
1 bed
1 bath
301
EPC rating: B
Key information
Tenure: Leasehold | 246 yrs left
Ground rent: £500 per annum | review period: unconfirmed
Service charge: £1,356 per annum
Council tax: Band A
Features and description
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers fees apply
- The Modern Method of Auction
- Current 11.4% rental yield
- Potential 13% rental yield
The property has a current £6,300 annual rental income equating to a fantastic 11.4% yield. This has further potential to rise to £7,200 and 13% yield.
This studio flat comprises of combined living room/ kitchen/ bedroom plus shower room.
This apartment is sold as furnished with; a double bed, sofa, wardrobe storage, dining table, TV stand, fridge, microwave and hob. The development benefits from an intercom entry system for visitors and an integrated fire alarm system along with lift access to all floors.
There are also excellent nearby transport links, with routes to Manchester City Centre and surrounding areas.
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 Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/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. These services are optional.
This studio flat comprises of combined living room/ kitchen/ bedroom plus shower room.
This apartment is sold as furnished with; a double bed, sofa, wardrobe storage, dining table, TV stand, fridge, microwave and hob. The development benefits from an intercom entry system for visitors and an integrated fire alarm system along with lift access to all floors.
There are also excellent nearby transport links, with routes to Manchester City Centre and surrounding areas.
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 Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/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. These services are optional.
Property information from this agent
About this agent
Established in 1991 from a single estate agency branch in Altrincham, today Thornley Groves has 7 offices and employs over 80 staff. In 2020 we sold £108m of property, let over 1,700 properties and manage more than 2,700 houses and apartments for Landlords across North, South and Central Manchester.