Flat
DRAFT DETAILS. A two bedroomed top floor apartment very well located in the Centre of Cheetham Hill. The property is currently rented and tenants have been in situ since August 2016. We have been informed as of 1 April 2020 the rental income will be £600pcm and the tenants are on a 6 month rolling contract (although we have not been able to verify this). We have been informed by the vendor that the property has been continuously rented for approximately 10 years. The property is surrounded by local amenities, many of which are small local businesses but larger chain supermarkets are also close by. Manchester City Centre is 3 miles away and can very easily be access by public transport. Smedley playing fields is within a 2 minute walk and offers facilities for a number of sporting and outdoor activities. The property benefits from parking at the rear and gas central heating.
The auctioneers have not inspected the property but believe it to comprise:
With dining area.
Parking to rear
Leasehold.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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.
