2 bedroom Flat for sale,

Hollies Lane, Salford, Greater Manchester, M5

Living / Dining Room

3.98 x 3.90

Occupying a corner position with double glazed windows to both the front and side elevations. Built in storage cupboard housing the hot water cylinder. Wood effect flooring. Electric heater. Open into;

Kitchen

2.79 x 1.8

Small double glazed windows to the side and rear elevations. Fitted with a range of wall and base units with complementary work surfaces over incorporating a stainless steel sink and drainer unit with mixer tap. Built in oven and four ring hob with extractor over. Plumbing for washing machine. Wood effect flooring. Spotlights to ceiling. Tiled splash backs.

Bedroom 1

2.99 x 2.74

Double glazed window to the front elevation. Electric heater.

Bedroom 2

2.6 x 2.74

Double glazed window to the front elevation. Electric heater.

Bathroom

Fitted with a white three piece suite comprising; wash hand basin with mixer tap, bath with mixer tap and shower over and WC. Chrome heated towel rail. Part tiled walls and tiled floor. Spotlights to ceiling.

Current Tenancy

The property is let until 30/08/25 at £1050 pcm. This equates to a gross yield of 9.13% and a net yield (after service charge and ground rent deductions) of 6.44%.

Lease Details / Council Tax

The lease is 999 years (less 10 days) from 1 June 2007The vendor has advised the current ground rent is £100 pa. The service charge for the 12 month period of 01/07/24 to 30/06/25 is £3614.39. Council Tax band B (Salford City 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.