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325-327 Oldham Road & 1 Johnson Square, Manchester, M40 7PS

Lot no: 5 Sold Prior to Auction
 

Guide Price £275,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Monday 23rd July 2018

6.30pm
Key Features
  • Residential development opportunity
  • Approved planning permission granted for conversion to ten apartments
  • Convenient location close to Manchester city centre
  • EPC Rating: D
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Sold Prior to Auction

Residential Development

Property Description:

An excellent opportunity to acquire two former office and shop premises with planning permission for the conversion to ten generous size apartments (7x 1 beds and 3x 2 beds) conveniently situated just over one mile from Manchester city centre.

Planning Details

Planning permission was granted on 1st May 2018 by Manchester City Council Ref: 118555/FO/2017.

If built in accordance with the approved plans, the accommodation would comprise -
Basement

Flat 2 (split over basement and ground floor) - Kitchen, bathroom
Flat 3 (split over basement and ground floor) - Living room, kitchen

Ground Floor

Lobby with mailboxes
Shared cycle/bin store
Flat 1 - Open plan kitchen/living room, bedroom, bathroom, utility/store
Flat 2 - Living room, bedroom
Flat 3 - Two bedrooms, bathroom
Flat 4 - Open plan kitchen/living room, bedroom, bathroom, store room

First Floor

Flat 5 - Open plan kitchen/living room, two bedrooms, bathroom, store room
Flat 6 - Open plan kitchen/living room, bedroom, bathroom, store room
Flat 7 - Open plan kitchen/living room, bedroom, bathroom, store room
Cleaners Store Room

Second Floor

Flat 8 - Kitchen, living room, two bedrooms, bathroom, store room
Flat 9 - Open plan kitchen/living room, bedroom, bathroom, store room
Flat 10 - Open plan kitchen/living room, bedroom, bathroom, store room

Outside

Shared courtyard

Tenure:

Freehold. Vacant possession upon completion.



Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.