2 bedroom Flat for sale,

City Road East, Manchester, M15

Bedroom 1

5.33m x 3.64m (both max)

A spacious main bedroom with glazed door leading out to the communal courtyard and carpeted floor. Door to:

En-Suite

Shower cubicle, wash basin, WC, tiled splashbacks and flooring, heated towel rail.

Bedroom 2

14'0" x 12'11" (4.27m x 3.94m)

With window and carpeted floor.

Bathroom

Panelled bath with shower over, wash basin, WC, tiled splashbacks and flooring, heated towel rail.

Parking

A secure parking space is included in the sale.

Please Note

Please note that the development requires fire-safety related remedial works to achieve a satisfactory EWS1 certificate, which have not yet commenced but are being co-ordinated by the original developer (Bellway). Any prospective buyers seeking mortgage finance should conduct their own due diligence via a mortgage broker or lender to ascertain whether the property will meet their criteria and what documentary evidence may be required to support that. We as agents cannot give any assurances in that regard as each lender will have its own lending policies. There are also works relating to the roof planned, which the management company have advised "will be fully funded through the service charge, via a combination of sinking fund contribution and additional service charge demands" - please ask us for further information on this.

Leasehold / Council Tax

Lease term: 150 years from 1st January 2000.Ground rent: £155.85 per annum.Service charge: £1805.27 for period 01/01/26-30/06/26, equating to an approximate annual figure of £3610.54.Please verify lease details with your solicitor.Council tax band E (Manchester City Council).

Tenancy Information

The property is currently let at £1300 per calendar month, offering a very attractive yield to an investor looking to purchase a property with tenants in situ. Alternatively vacant possession can be discussed if required.

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.