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Property description

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

*guide price £80,000+

Attention Landlord Investors!

A tenanted two bedroom ground floor apartment situated in a highly convenient location in the ever popular Newton Heath area. The Metrolink tram station is two minutes away, and there are a variety of shops, supermarkets and schools in walking distance.

The property is presently realising £700 pcm, representing a solid gross return of just over 10% based on the auction Guide price.

The accommodation comprises an open plan living room/kitchen, two bedroom and bathroom/w.c.

* We understand there to be a suspended Prohibition Notice on this property - refer to legal pack for further information *

Lease Length - 250 Years from 2008
Ground Rent - £163pa
Service Charge - £100 per month

Accommodation

Ground Floor Apartment

Open Plan Living

Bedroom 1

Bedroom 2

Bathroom

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