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27 Ringley Street, Manchester, M9 5UW

Lot no: 47 Sold Prior to Auction
 

Guide Price £75,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 26th November 2020

10.30am
Key Features
  • Terraced property arranged as two flats.
  • Approximately two miles north of Manchester city centre
  • Residential investment opportunity
  • EPC Rating: D & D
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Sold Prior to Auction

Terraced House

Property Description:

DRAFT DETAILS:

Conveniently located, terraced property situated in a predominately residential area of Harpurhey, approximately two miles north of Manchester city centre.

The property is currently split into two one bedroom apartments, both benefitting from gas central heating and double glazing throughout. The property is within walking distance of North city shopping centre, Hurpurhey market and various other local amenities. Rochdale Road provides a direct route into the city centre and also has a regular bus service running.

The Auctioneers have not inspected the property but believe it to be tenanted and comprise:

Flat One:

Bedroom, bathroom, kitchen, lounge

Flat Two:

Bedroom, bathroom, kitchen, lounge.

Tenure:

Freehold.


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 auctioneer’s fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s 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 Buyer’s 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.