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1 bedroom apartment for sale
Apartment 1212, West Point, 501 Chester Road, Old Trafford, Manchester M16 9QY
£75,000
Apartment 1212, West Point, 501 Chester Road, Old Trafford, Manchester M16 9QY
£75,000
Our Summary
- For sale by Unconditional Online Auction
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type
- 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
- 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)
Description
This vacant apartment is located in a prime area with excellent growth potential, offering a fantastic investment opportunity. The property has a rental income of £1,148 per month, representing a yield of 18.37% against the guide price. The apartment is situated within a secure gated community, providing a range of amenities including a concierge service, laundry rooms, bike storage, and an on-site gym. The property is well-connected to Manchester city centre and Chorlton, with easy access to nearby parks and green spaces. The leasehold information includes a 250-year lease from 2019, with a service charge of approximately £3,057.88 per annum and a ground rent of £250 per annum. The property is being sold through an unconditional online auction, with a 5% deposit required and a buyers' fee of 4.8% of the purchase price.