1 bed Flat For Sale £135,000
The Quadrangle, Lower Ormond Street, Southern Gateway, Manchester, M1

This a large studio with accommodation over 495sqft is presented to immaculate standards & one not to be missed. The apartment consists of an open plan living area, integrated kitchen, generous double bedroom, & three piece bathroom suite.

Offered with vacant possession this makes an ideal first time purchase, or for those investors a rental income of £975pcm is achievable translating to an 8.4% yield!

The Quadrangle is a fantastic development benefiting from a 24HR concierge, private residents courtyard, secure fob entry, communal post room and lift access to all floors. Situated in the perfect location just off Oxford Road this apartment is great for students or professionals working in the city centre. A stone’s throw away from Manchester Metropolitan and less than half a mile walk to The University of Manchester. EPC Rating B. Subject to Contract

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

You may be recommended services by the Agent/IAM-Sold. Recommended services are optional and the Agent or IAM-Sold will receive payment from the provider where recommended services are taken. As such you should consider your options before accepting recommended services.