Flat
DRAFT DETAILS - AWAITING APPROVAL
Two bedroom apartment let and producing £8,700 per annum.
A popular investment property, let on an Assured Shorthold Tenancy with deposit in place and located within a modern residential development consisting of a range of apartments and houses.
The estate is ideally placed close to a number of well-regarded schools, a broad range of amenities and excellent transport links. Manchester city centre can be accessed via Hyde Road within circa 15 minutes and by train (Gorton to Piccadilly) within seven minutes.
NOTE: Pre-auction offers are invited on this lot.
12ft 10 x 11ft 1
15ft x 6ft 9
12ft 6 x 8ft 6
12ft 9 x 9ft
7ft x 5ft 7
Please be advised that whilst Hyde Estates have conducted an inspection, the auctioneers have not personally inspected the property and the details and measurements have been provided by the joint agent. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Length of lease: 125 years from 1 January 2005. Current ground rent: £184.03 per annum Ground rent review period: TBC. Current service charge: £281.51 per quarter Service charge review period: TBC. This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Leasehold. Subject to tenancy.
108
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.
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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
