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1 bedroom flat

Auction
Chain-free
Sold STC
Flat
1 bed
1 bath
516
EPC rating: C
Added > 14 days

Key information

TenureLeasehold | 131 yrs left
Ground rent£250 per annum | review period: unconfirmed
Service charge£1,400 per annum
Council taxBand C
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Developer Funding in Place For Cladding Works
  • Attention Investors - £860pcm/10.9% Yield
  • Well Proportioned Accommodation
  • Eighth Floor Apartment
  • Far Reaching Views
  • Private Decked Balcony
  • Living Room/Integrated Kitchen
  • Double Bedroom
  • Stylish Bathroom
  • No Onward Chain Delay
This exceptional investment opportunity presents a prime property in the sought-after Green Quarter. Currently yielding an impressive 10.9%, the unit is rented at £860pcm on a month to month contract, below the market rate of £900pcm. The developer's commitment to cover remediation costs at Britton House adds significant value. Situated on the eighth floor, this apartment offers sweeping vistas of the City Centre and beyond. The layout includes an inviting entrance hallway, a seamlessly integrated kitchen, an open-plan living area with balcony access, a spacious double bedroom, and a chic, generously-sized bathroom. Its proximity to Victoria Train Station and Deansgate enhances its appeal, making it an ideal first-time purchase. EPC Rating: C. Subject to Contract.

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

You may be recommended services by the Agent/IAM-Sold. Recommended services are optional and the Agent or IAM-Sold will receive payment from the provider where recommended services are taken. As such you should consider your options before accepting recommended services.

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About this agent

Thornley Groves - Manchester
Thornley Groves - Manchester
25 Whitworth Street West Manchester M1 5ND
0161 937 2375
Full profileProperty listings
We have been prominent in the City Centre since the year 2000 and our flagship Southern Gateway Office is one of the most recognisable brands in Manchester. Occupied by 5 full time Sales Staff and headed by a bright and dynamic Sales Manager, Stephen Clayton, this team cannot be beaten in regards to experience and commitment. With many popular property developments in the Southern Gateway area of Manchester and with it boasting the huge new HOME leisure development with cinemas, theatres, galleries, bars and restaurants, there is certainly a lot going on. Located near to Oxford Road and Manchester University, it's a popular area for students and graduates. Get in touch with our Sales or Lettings teams and let us take the hassle out of selling or renting your property!
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