Block of Apartments
Sizeable residential property arranged as three apartments with scope for further conversion (STP).
Situated in the heart of Didsbury, one of Manchesters most popular and cosmopolitan suburbs.
This substantial, bay-fronted property is arranged as three self-contained apartments with scope to convert the basement into a further unit.
Locally, the area is well known for its high-end restaurants, trendy bars and boutique shops, as well as being serviced with a number of convenience stores and supermarkets. Transport links are excellent and include the local Metrolink station, a bus network and motorway links. Popular with both modern families and career professionals, the area is in high demand from both owner-occupiers and tenants.
Other property features include ample off-road parking, gas central heating and double glazing.
Note: the three flats are fully let as per the documents contained within the legal pack, and may offer scope for a rental increase, subject to the current tenancies.
Flat 1 - Lounge, Kitchen, Bathroom, Bedroom with additional en-suite. Rental income of £800 pcm
Flat 2 - Bedroom, Bathroom, Lounge, Kitchen. Rental income of £650 pcm
Flat 3 - (studio) Lounge / Bedroom, Large Bathroom, Kitchen. Rental income of £850pcm
Three separate chambers (thought prime for conversion to an apartment subject to all necessary planning consents).
Off-street parking to the rear.
Please note the following additional matters:<br><br>- The tenure is described within the special conditions as follows: "Freehold estate in commonhold land under Part 1 of the Commonhold and Leasehold Reform Act 2002." <br>- Completion is to take place on 15th September 2023. <br>- We also direct prospective buyers to the search results provided within the legal pack. <br><br>You are advised to read the legal pack in full ad make all necessary independent enquiries prior to placing your bid, as this will be binding.
These sales details are awaiting vendor approval.
Commonhold. Subject to tenancy.
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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.
