Lot 3 - 111 Lumn Road, Hyde, Cheshire, SK14 1PR

  • Unconditional Online Auction Sale
  • Guide Price* : £86,500 plus
  • Residential Investment
  • Annual Equivalent income £6000
  • Semi-detached house

Residential investment comprising a 2 bedroom semi-detached house let at an annual equivalent income of £6000

Description

The property comprises a two bedroom semi-detached benefitting from uPVC double glazed windows and gas central heating. It is occupied by a tenant and sold subject to a tenancy and let at £500 per month. The tenant has been in occupation since 2011 and occupies on a statutory periodic monthly tenancy following expiry of an AST granted for 6 months from 4th November 2011. The seller informs us they have not missed a rent payment in that time.

Location

Lumn Lane, links Stockport Road and Mottram Road and is convenient for Hyde town centre, which lies within 0.5 mile and provides access to retail, leisure and other amenities.

Tenure

Leasehold for 999 years from 17 June 1833.

Accommodation

We have not inspected internally and the Vendor has confirmed the following:

Ground Floor: Reception Room & Kitchen
First Floor: Two Bedroom & Bathroom

Outside

Rear garden.

Tenancies

Statutory periodic monthly tenancy following expiry of an AST granted for 6 months from 4th November 201l, with a current rent of £500 per month.

EPC

Energy Asset Rating is D.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £1920 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Bidding not yet open
Minimum Opening Bid

£83,000


Bidding Opens On
14th Apr 2021 11:00
End Date

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Viewing Information

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Office Contact

James Ashworth
0161 967 0122

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Agreement Documents

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