Lot 1 - Flat 8, 7 Collier Street, Manchester, Lancashire, M3 4NA

  • Conditional Online Auction Sale
  • Guide Price* : £170,000

Addendum

The service charge for the current year is £2,111.07 payable quarterly.

TO BE OFFERED BY ONLINE CONDITIONAL AUCTION - Two bedroom ground floor apartment situated within Castlefield, with private decked balcony area.

Description

A residential investment comprising a two bedroom ground floor apartment with one bedroom let on an AST producing £595 per month. The second bedroom is currently vacant and was previously let at £650 per month.

Location

The property is located within Castlefield with the building overlooking the Roman Fort and within a few minutes walk of Deansgate railway station, Deansgate Metrolink, the canal basin and various bars and restaurants within Castlefield.

Tenure

Leasehold.

Accommodation

Hall: 4.18 sq m (44.99 sq ft)
Bathroom: 4.82 sq m (51.88 sq ft)
Open Plan Living Room/Kitchen with patio doors to private decking area: 35.2 sq m (378.89 sq ft)
Bedroom 1: 10.92 sq m (117.54 sq ft)
Bedroom 2 with storage: 12.75 sq m (137.24 sq ft)
En Suite Shower Room/W.C: 1.12 sq m (12.06 sq ft)
Total: 68.99 sq m (742.6 sq ft)

Outside

Private decked balcony area.

Tenancies

Room One is currently vacant.
Room Two is let on an AST for a term of 6 months from the 6th January 2018 at a rent of £595 per month.
The rent is fully inclusive meaning the Landlord is responsible for paying rates and service charges. Full details are available within the tenancy agreement.

EPC

Energy Asset Rating is D.

Costs

The service charge for the current year is £2,111.07 payable quarterly.

Additional Information

This is offered on the basis that it is a Conditional Auction Lot.

If you are the successful bidder you'll enter into a Reservation Agreement with the Seller and have 28 days within which to exchange and then 28 days to complete. During the Reservation Period, the Seller is not able to accept other offers.

The sale of each Lot is subject to a minimum non-refundable Reservation Fee of £5000. £3000 of this is payment will be applied towards the deposit required on exchange of contracts and the remainder of £2000 represents a contribution towards the Auctioneers cost and is inclusive of VAT.

The service charge for the current year is £2,111.07 payable quarterly.

* Generally speaking Guide Prices 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. Virtually every 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 Guide.

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Important Documents

Agreement Documents

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