2 bed Flat For Sale £200,000
**investment opportunity. Tenanted until November 2023 with A rental income of £1400 per month | £16,800 per annum** for sale by online auction. Starting Bid £200,000. EWS1 Available. A well presented, two double bedroom apartment positioned on the first floor of a popular mill conversion at Albion Works, just minutes from New Islington Tram Station.
The property provides 894 st.ft of accommodation throughout and comprises: Communal entrance with stairs and lift to first floor, hallway with storage cupboard off, spacious living room with double height ceilings incorporating a dining area and open plan to a fitted kitchen with appliances, primary bedroom with walk-in en-suite shower room, second double bedroom and a three piece main bathroom suite. Externally, the property is set within well maintained grounds and provides communal gardens for residents use. EPC rating C (73).
Albion Works is a development of five buildings for both residential and commercial use. It sits in close proximity to Manchester City centre, Manchester Piccadilly Train Station, New Islington Tram Station and New Islington Marina as well as popular neighbourhood districts such as Ancoats and the Northern Quarter.
General
Tenure: Leasehold
Service Charge: £650 per quarter
Ground Rent: £250 per annum
Lease: 250 years from 1 January 2003
Council Tax Band: D
Management Company: Tbc
Tenancy: Furnished @ £1400 pcm until November 2023
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
The property provides 894 st.ft of accommodation throughout and comprises: Communal entrance with stairs and lift to first floor, hallway with storage cupboard off, spacious living room with double height ceilings incorporating a dining area and open plan to a fitted kitchen with appliances, primary bedroom with walk-in en-suite shower room, second double bedroom and a three piece main bathroom suite. Externally, the property is set within well maintained grounds and provides communal gardens for residents use. EPC rating C (73).
Albion Works is a development of five buildings for both residential and commercial use. It sits in close proximity to Manchester City centre, Manchester Piccadilly Train Station, New Islington Tram Station and New Islington Marina as well as popular neighbourhood districts such as Ancoats and the Northern Quarter.
General
Tenure: Leasehold
Service Charge: £650 per quarter
Ground Rent: £250 per annum
Lease: 250 years from 1 January 2003
Council Tax Band: D
Management Company: Tbc
Tenancy: Furnished @ £1400 pcm until November 2023
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
