Flat for sale in Biwater House, Gregge Street, Heywood OL10

For sale by live stream auction on Tuesday 9th July 2024 at 12PM

*guide price £50,000+

Attention Landlord Investors!

A fantastic opportunity to add to an existing portfolio or start with an already tenanted investment producing an income of £695pcm/£8340pa which equates a gross yield of over 16% when based on the guide price.
This upper floor apartment comprises: Reception/inner hall, generous open aspect lounge/kitchen, two bedrooms and bathroom/w.c . Externally there is a residents car park.
Conveniently located just off Manchester Road, Biwater House offers easy access to the M62 motorway. The flat is within close proximity to shops, amenities, and transport links, ensuring a convenient lifestyle for residents.

Lease Length -125 years from January 2016
Ground Rent - £350pa up to end of 2025 then £700pa til end 2030, then goes up by rpi every 5 years starting 2031
Service Charge - £2,112.16

Additional Information

Tenure

Leasehold

Disclaimer

Any information in relation to the length of lease, service charge, ground rent has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

Council Tax

Band A

Charges & Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Search Fees £300 inc VAT.

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's solicitor. For more details, please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure