Block of Apartments
Investment opportunity in Oldham. Two terraced properties comprising four flats, currently let producing £33,600 per annum.
A pair of terraced properties comprising four flats in total. On the ground floor, there are two x one bed flats and on the first floor, there are two x three bed flats. Total income is £2,800 per month (£33,600 per annum).
The properties are well positioned, just two miles outside of Oldham Town Centre and just over seven miles from Manchester City Centre. All necessary amenities and services can be found nearby including shops, schools and excellent transport links. The local post office and pharmacy are both within close proximity and the Royal Oldham Hospital is just three miles away. There are a number of sports and leisure facilities in the area and outdoor spaces within easy reach.
Transport links include excellent road links with Manchester road connecting you to both Oldham, Manchester City Centre and the M60 ring road. There is also a regular bus network in the area and Tram Services operating nearby (South Chadderton Tram Stop).
Two x one bedroom flats
Two x three bedroom flats
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other 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.
