Apartment for Sale: Spinning Mill, Lower Vickers Street, Manchester, M40

Property Description

FOR SALE BY MODERN METHOD OF AUCTION

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

INVESTMENT ONLY

Spinning Mill sits in the heart of the thriving East Manchester area of regeneration which in recent years has seen it's popularity grow due to it's close proximity to the City centre which is easily accessed on foot by walking along the picturesque canal or the nearby Holt Town Metrolink station.

This THIRD floor apartment in brief comprises of : Secure communal entrance with lifts to all floors, private entrance hallway, spacious living room which has brick vaulted ceiling and open to the fully fitted kitchen complete with with integrated appliances, two double bedrooms with the main being en suite plus further bathroom.

Spearheading this metamorphosis was the construction of SportCity for the 2002 Commonwealth Games. Located just over a mile from the Mill, it’s home to the largest concentration of major sporting venues in Europe, including the National Cycling Centre, Manchester Regional Arena and Manchester City FC’s Etihad Stadium and Campus.

Currently let at £1250 PCM giving a gross yield of 6.12%.

Material Information

Tenure: Leasehold

Ground Rent : £180 per year

Lease term : 250 years

Service charge : TBC

Council Tax Band: TBC - Not yet rated

Parking : Resident parking on site

Broadband : FTTP Connection available, line active

Water : Connect to mains water and drainage, supplied by United Utilities on a meter

Electricity : Connected to main electric, supplied by TBC