Tenanted Three Bedroom Duplex Flat – Income of £7,500pa

NO VIEWINGS AVAILABLE Auction House North West have not inspected the property but have been made aware that this is a self-contained three bedroom duplex flat situated on the first and second floors accessed from the rear of the building. Benefitting from gas central heating and double glazed windows, the flat comprises of a living room and kitchen to the first floor along with three bedrooms, bathroom and separate WC to the second floor. Externally there is a paved courtyard area. Available with tenants in situ, we have been advised the tenants are on an Assured Shorthold Tenancy for a term of 6 months from 20th September 2017 (currently holding over) at a current rent of £625pcm (£7,500pa). Based on current rental properties within the area, the rental income could potentially achieve approx. £1,000pcm (£12,000pa). For more information relating to the tenancy, please refer to the legal pack. Located close to the junction with Grove Lane within this mixed commercial and residential parade, conveniently located approx. 1½ miles from Cheadle Hulme town centre and Cheadle Hulme Railway Station (National Rail). Manchester Airport is approx. 4 miles distant. Cheadle Hulme is a popular suburb situated some 8 miles south of Manchester city centre, enjoying easy access to the M60 Ring Road (Junction 2). Tenure: Leasehold Title number: GM640064 Length of Lease: 125 years from and including the start date of the lease (this will be a new lease starting on completion) Ground Rent: NIL Service Charge: TBC Council Tax Band: B Local Authority: Stockport Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold. GM640064

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Stockport Metropolitan Borough Council

Solicitors

BNI Law, Ref: BNI Law

Additional Fees

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.