Terraced House
DRAFT DETAILS
Located in the extremely popular Chadderton area of Oldham, this high-yielding property presents a fantastic opportunity for a landlord. Transport links for both Manchester and Oldham Centres can be found via A62 Manchester Road and local tram stops; South Chadderton, Hollinwood and Freehold. Local schooling is good and includes Corpus Christi R.C Primary within walking distance. Amenities are in plentiful supply and include an array of shops, bars and eateries. Leisure and recreational pursuits can be found at both Hollins and Werneth Parks to name just popular locations.
The property benefits from central heating and double glazing.
The auctioneers have not inspected the property but believe it to comprise:
Rear Yard
We believe the leasehold has approximately 876 years remaining. The original term was 999 years from 5 August 1897. There is an annual ground rent due of £2.50 which is due on 1 November each year. Please see legal pack for confirmation/further details.
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 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.
