Lot 1 - Apartment 43 Aura Court, 1 Percy Street, Manchester, Lancashire, M15 4AB

  • Unconditional Online Auction Sale
  • Guide Price* : £50,000 plus
  • 3 Bedroom apartment
  • Annual Equivalent income £7800
  • Great location

ON BEHALF OF RECEIVERS: Residential investment comprising a 3 bedroom apartment sold subject to a tenancy and let at an annual equivalent gross income of £7,800

Description

The property comprises a 3 bedroom first floor apartment within a purpose built block that extends to approximately 66.61 sq. m (717 sq. ft), being sold subject to a tenancy and let at £650 per month. Please note that the block is subject to various major works in relation to fire safety and other matters. We understand that the apportionment of costs that apply to the unit is £10,750.82. for phase 1 and costs are estimated at circa £30,000 for phase 2 of the works. Please refer to the Legal Pack for further details.

Location

Aura Court is situated off Stretford Road (A5067), a main route leading into the City Centre which is located 1.25 miles to the north. The immediate surrounding area benefits from a range of local amenities and transport links are good with bus routes accessed from Stretford Road and Cornbrook Trams stop is within 0.5 mile.

Tenure

Leasehold for 125 years (less 10 days) leasehold title dated 1st January 2004 at a ground rent of £100 per annum and service charge of £1,017.03 per annum.

Accommodation

Open plan kitchen/living/dining area, three bedrooms, with an en-suite to the master and a main bathroom.

Outside

The lease confers a right to use the communal car parking (Note - currently closed pending completion of the major works)

Tenancies

Let on an AST at £650 per month.

EPC

Energy Asset Rating is E.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2400 (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

£45,000


Bidding Opens On
25th Aug 2021 10:30
Scheduled End Date

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