1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (240 years remaining)
- For sale by live stream auction on tuesday 10 th december 2024 at 12 pm
- Guide price £40,000+
- Tenanted investment
- Council tax band f
- Epc rating: e
*GUIDE PRICE £40,000+
Attention landlord investors!
An ideal addition to any Buy To Let portfolio - a tenanted apartment located on the outskirts of Manchester City Centre achieving a rental income of £630pcm/£7,560, producing a healthy gross yield approaching 19% when based on the quoted guide price.
Whilst we have not inspected the apartment, we understand it to comprise a lounge, kitchen, bedroom and bathroom.
The development 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 2015
Ground Rent - £328.34pa
Service Charge - £3495.04pa (paid £873.76 per quarter)
THERE WILL BE NO ACCESS BETWEEN EXCHANGE AND COMPLETION.
Rooms
ADDITIONAL INFORMATION
Tenure
Leashold
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 F
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
Places of interest
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*DISCLAIMER
Property reference AUC240781. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House - Oldham.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 18, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on June 20, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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