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B10, Chorlton Mill, 3 Cambridge Street, Manchester M1 5BY

Lot no: 141 Re-entry to a future auction
 

Guide Price £180,000+ plus fees

UnconditionalOn 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.

Wednesday 23rd October 2024

9.00am
Key Features
  • One bedroomed apartment
  • Lower ground floor
  • Currently let producing £14,400 per annum
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Re-entry to a future auction

Apartment

Property Description:

A one bedroom apartment situated within Chorlton Mill, a popular period conversion located in the heart of Manchester City Centre.

The unique building is well presented throughout and boasts plenty of character, with many of the original features still remaining. The apartment sits on the lower ground floor, measuring 775sq ft and benefits from its own private garden.

The property is sold subject to a tenancy with a current rent of £1,200pcm.

Location

Chorlton Mill is well located within a highly regarded area of Manchester, all necessary amenities and services can be found nearby including shopping facilities, an array of bars and restaurants and convenient transport links with Oxford Road Station and Deansgate Tram Stop both within walking distance. The property is also well placed for access to Manchesters University Campuses, Alliance Business School and Manchester Royal Infirmary/Childrens Hospital.

Leasehold Information

The term of lease is for 999 years from 30.5.2003. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note

Please be advised that the auctioneers have not personally inspected the property. The photos are from 2022. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure:

Leasehold. Subject to tenancy.

Ground Rent

£150

Unexpired Years

978




Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 3% inc. VAT

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.