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90 Cobden Street, Manchester, Greater Manchester M9 4DZ

Lot no: 24 Available for £100,000
 

Guide Price £95,000+ 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 27th June 2024

9.00am
Key Features
  • Two bedroom terraced house
  • Let at £650 per calendar month
  • Popular and convenient location
  • Investment opportunity
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Available for £100,000

Terraced House

Property Description:

A traditional two bedroom terraced property situated in a popular and convenient location.

Well placed for a good range of amenities including shops, schooling, numerous parks and North Manchester General Hospital. Easy access to Manchester City Centre via the A664 Rochdale Road.

The property is offered let on an Assured Shorthold Tenancy at £650 per calendar month/£7,800 per annum.

As such there will be no internal viewings available.

An excellent investment opportunity with income from day one.

Accommodation is believed to comprise -
Ground Floor:

Lounge, dining room and kitchen

First Floor:

Landing, bedroom one, bedroom two and bathroom

Outside:

Small garden to the front and enclosed rear yard/garden.

Construction Material:

Cavity wall, as built, no insulation (assumed)

Heating Supply:

Gas Central Heating

Electricity Supply:

Mains

Water Supply:

Mains

Sewerage Arrangements:

Mains

Broadband:

O2, EE, Three, Vodafone available.

Mobile Phone Coverage:

Standard - 6 mbps, Superfast - 50 mbps, Ultrafast - 1000 mbps available.

Note

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.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Subject to tenancy.


Utilities Information
  • Heating Supply: Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

On Street



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.