2 bed flat for sale

Lower Vickers Street, Manchester M40

Summary

Positioned on the second floor, this delightful period apartment presents an excellent opportunity for first-time buyers or savvy investors looking to maximise rental income potential. With an impressive annual rental yield of 14,100, equating to a substantial 14.8% gross yield, this property offers a solid investment proposition.

Boasting 714 sq ft of living space, this well-maintained home features two bedrooms, making it an ideal choice for small families or professionals. The apartment exudes a bright and airy atmosphere, enhanced by large windows that flood the rooms with natural light. Residents will appreciate the convenience of resident parking, ensuring easy access to their abode.

Located in a prime area with close proximity to amenities, schools, and transport links, this property presents a fantastic opportunity for those seeking a cosy yet stylish living space in a desirable neighbourhood. Secure your viewing today to experience the charm of this second-floor gem.

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 112
Annual Ground Rent Amount: 375.00
Annual Service Charge Amount: 2,169.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.