House For Sale £400,000
8 bedroom HMO £45,660 per annum. The property is located on Mellalieu Street which sits in a popular residential location 8 miles north of the City Centre. Values in the local area have increased significantly in recent years benefiting from regeneration and the proximity to Manchester which is well served by public transport links.
The property consists of 8 studio flats and a shared kitchen/laundry area. The flats are currently generating the following rental: Rents Flat 1 -£495pcm Flat 2 -£400pcm Flat 3 -£450pcm Flat 4 -£495pcm Flat 5 -£495pcm Flat 6 -£495pcm Flat 7 -£525pcm Flat 8 -£450pcm Bills: Broadband (£55/month) Cleaning (£100/month) both arranged via current letting agent. No gas, electricity approx £200/quarter dd, water approx £45/month dd, council tax £2036 from 1 April 2021 for one year; Insurance £740/year. Letting Agent Management fee is 10%
This property is subject to a £3000 buyers fee please take this into account when making any offers.
This property is only available for purchasers who are not in a chain
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.
*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a buyers fee of £3000, which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.
The property consists of 8 studio flats and a shared kitchen/laundry area. The flats are currently generating the following rental: Rents Flat 1 -£495pcm Flat 2 -£400pcm Flat 3 -£450pcm Flat 4 -£495pcm Flat 5 -£495pcm Flat 6 -£495pcm Flat 7 -£525pcm Flat 8 -£450pcm Bills: Broadband (£55/month) Cleaning (£100/month) both arranged via current letting agent. No gas, electricity approx £200/quarter dd, water approx £45/month dd, council tax £2036 from 1 April 2021 for one year; Insurance £740/year. Letting Agent Management fee is 10%
This property is subject to a £3000 buyers fee please take this into account when making any offers.
This property is only available for purchasers who are not in a chain
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.
*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a buyers fee of £3000, which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.
