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1 bedroom Flat for sale, King Street, Stretford, Greater Manchester, M32
Features and Description
- For Sale by Auction – T & C’s apply
- Subject to an undisclosed Reserve Price - buyer’s fees apply
- The Modern Method of Auction
- One Bed Room Apartment
- 1st Floor
- Being Sold With Tenant In Situ
- Gross yield of 8.61% at the start bid
- Leasehold
- EPC Rating C
- Council Tax Band A
**For sale by Modern Method of Auction. Starting Bid Price £115,000 plus Reservation Fee.** New to the market is this excellent one bedroom Stretford town centre apartment, offering a great investment opportunity. The property is being sold with a tenant in situ, who is currently on a SPT (rolling contract) and paying £825PCM on an unfurnished basis - giving the property an impressive gross yield of 8.61% at the start bid. This apartment is in immaculate condition and features on entrance a video entry system, open plan living area/kitchen with integrated appliances, one double bedroom and a modern, stylish bathroom. Being located right in the heart of Stretford Town Centre makes this apartment an even more attractive buy.
First Floor
Secure communal entrance. The apartment is reached via stairs.
Entrance Hall
Wood effect flooring, video intercom system on the well and doors leading to:
Living Area / Kitchen
Open-plan living area and Kitchen with wood effect flooring, a upvc double glazed window and two electric panel heaters. Kitchen area features a range of fitted base and wall units, integral electric oven and hob, stainless steel sink with mixer tap, integrated fridge/freezer, recessed spot lights and a cupboard housing the water heater and washing machine.
Bedroom
Double bedroom with carpeted flooring, upvc double glazed window and electric panel heater.
Bathroom
Walk-in shower, wash hand basin with mixer tap, WC, tiled splashbacks and heated towel rail.
Leasehold / Council Tax
Lease term: 250 years from and including 1 January 2021Ground rent: £177per annum.Service charge: £2124.14per annum.Please verify lease details with your solicitor.Council tax band A (Trafford Borough Council).
Auctioneer's Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral ArrangementsThe Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
King Street, Stretford, Greater Manchester, M32
Additional Information
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Property refSAL260065
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EPCC
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TenureLeasehold
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Lease length244 years
-
Council TaxA
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Local authorityTrafford Borough Council
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Ground Rent£177
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Ground Rent ReviewContact the branch
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Service Charge£2,124
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
71Potential
71CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
