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Apartment 4, 261 Victoria Avenue East, Manchester M9 7GH

Lot no: 94 Re-entry to a future auction
 

Guide Price £62,000+ 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.

Tuesday 20th December 2022

10.00am
Key Features
  • One bedroom apartment
  • Ideal investment opportunity
  • Close proximites to transport links
  • EPC Rating: B
  • Council Tax Band: A
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Re-entry to a future auction

Apartment

Property Description:

One bedroom apartment currently let at £525 per calendar month.

The apartment is positioned on the third floor within a popular purpose built development which includes lift access. The property also has the benefit of uPVC double glazing and electric heating and is well situated close to a number of well-regarded schools, convenient independent shops, supermarkets and many popular leisure facilities. Transport links include a local bus network and easy access to M60 motorway network within close proximity.

Open plan lounge/kitchen, bathroom, bedroom.
Note:

There are no viewings available on this property. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Tenure:

Leasehold. Subject to tenancy.

Ground Rent

£250



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.


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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.


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.