Detached house
This detached residential property extends to approximately 6,653 sq.ft and is positioned within one of Manchester’s most popular locations. Fronting Mauldeth Road close to the junction with Wilmslow Road (B5093), the property is serviced with an array of local amenities targeting both students and young professionals. The University of Manchester, Manchester Metropolitan University, Christie Hospital and Withington Community Hospital are all with close proximity - making this buy-to-let investment an attractive proposition to a landlord.
The auctioneers have not inspected the property but understand that the property has been converted into a 13 bedroomed HMO and we are advised that it was let until June 2019 at an annual rent of £84,500. We cannot confirm the current occupancy details.
The Seller does not have a copy of any tenancy agreement(s) and is unable to provide details of the identity of any occupier(s) in occupation of the Property. Prospective buyers are advised to inspect the legal documents.
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 Fixed Fee.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
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
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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