MapStudio
Key information
Features and description
- Tenure: Leasehold (230 years remaining)
- For sale by live stream auction on tuesday 22 nd october 2024 at 12 pm
- Guide price £40,000+
- Tenanted apartment
- Council tax band a
- Epc rating: c
Video tours
*GUIDE PRICE £40,000+
Attention landlord investors!
A tenanted apartment located on the outskirts of Manchester City Centre achieving a rental income of £650pcm/£7,800, producing an attractive gross yield of 19.5% when based on the quoted guide price.
The apartment is located on the 3rd floor and can be accessed via a lift and accommodation comprises entrance vestibule, bathroom, lounge & kitchen. The bedroom area is located off the lounge and uses borrowed light.
The property sits in a convenient location with easy access to local shops, Manchester City Centre, North Manchester General Hospital and Heaton Park.
Lease Length - 250 years from January 2005
Ground Rent - £328.34pa
Service Charge - £3,495.04pa (£873.76 per quarter)
THERE WILL BE NO ACCESS BETWEEN EXCHANGE AND COMPLETION.
Rooms
ACCOMMODATION
Entrance Vestibule
Lounge
Kitchen
Bedroom Area
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
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