Terraced House
A superb investment opportunity comprising of a three share HMO property situated in a desirable and convenient location.
The property is currently let at £500 per room per month.
The rents will increase to £600 per room per month as of 1st July when the new students take occupancy. This could give a gross rent of £21,600 per annum (but a minimum of £19,800 per annum). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Well placed for a good range of local amenities and giving easy access to the University of Salford and Manchester city centre.
The auctioneers have not inspected internally but we believe the property is in general good order and has been well maintained and benefits from gas central heating and UPVC double glazing.
An ideal investment opportunity with a great income from day one.
Communal Hallway, Lounge, Kitchen and Bedroom One
Landing, Bedroom Two, Bedroom Three, Communal Bathroom
Garden to rear.
Cavity wall, as built, no insulation (assumed).
O2, EE, Three, Vodafone available.
Standard - 6 mbps, Superfast - 48 mbps available.
Please be advised that Water Supply, Electricity Supply and Sewerage Arrangements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. 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.
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