>
Demesne Road, Manchester M16 1 bed apartment for sale
Demesne Road, Manchester M16
£9,000
Demesne Road, Manchester M16
£9,000
Our Summary
- Guide Price £9000 £3000 + VATFor sale by unconditional online auction
- Town & Country Property Auctions are pleased to offer to the market for sale by auction Room M140 Montgomery House, Manchester
- TO BE SOLD UNDER AUCTION TERMS HANDS OFF INVESTMENT OPPORTUNITY ACHIEVING £6000 PER ANNUM SERVICED APARTMENT SUPERB LOCATION FOR MANCHESTER UNI STUDENTS GREAT STARTER INVESTMENTGross Rent: £6000
- 00 paService Charge: £3600paGround Rent: £400 pa*Prospective purchasers should ensure that they have reviewed the auction pack before committing to bid
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
- Pre Auction Offers Are ConsideredThe seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
Description
For sale by unconditional online auction, this studio accommodation, known as Room M140 Montgomery House, Manchester, is a prime rental location with massive tenant demand. The property is situated in the grounds of Montgomery House, just 2 miles from Manchester City Centre and 1 mile from the University of Manchester main Campus and Manchester University Metro Campus. With shared facilities including a gym, laundry, and communal kitchen, this is an ideal location for students, but not exclusively student accommodation. The property is leasehold and achieves a gross rent of £6,000 per annum, with a service charge of £3,600 and ground rent of £400. The auction terms require a 10% deposit and a £3,000+VAT buyers premium, with contracts exchanged and a 28-day completion period. The seller may consider pre-auction offers, which will be subject to the same auction conditions.