Chapel Street, Salford, M3

X1 Sales and Lettings - working with IAMSOLD -are delighted to bring this fully furnished student investment property to the market with a long standing property management company in place to maximise rental income.

X1 Sales and Lettings - working with IAMSOLD -are delighted to bring this fully furnished student investment property to the market with a long standing property management company in place to maximise rental income.

Perfect for first, second, third or fourth years, our cluster apartments at X1 Chapel Street are ideal for group bookings. This apartment is part of one of our 5 bed cluster flats.
Whether you’re studying at the University of Salford or Manchester, X1 Chapel Street is only a short bus ride to the major campuses along with a range of amenities.
All of our bedrooms at X1 Chapel Street are double beds with ensuite bathrooms. Apartments share a kitchen and living space which is fully furnished inclusive of a microwave, kettle and toaster & a large TV. Freeview TV is available in every bedroom.
There is an onsite gym for private residents use. The building also offers an on-site laundry service and secure bike storage. Security work in the building overnight 7 days a week.

Ground rent £250 per annum
2023 - service charge - £3795.13 -All utility bills are included in the service charge.
Rent achieved - £143 per week usually occupied 48 weeks per year
X1 Lettings management fee 9% + VAT
Lease length - 999 years from 01.09.2014
council tax - N/A (purpose build student accommodation)
EPC Rated- B

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding including information on any cladding remediation works and costs associated with these.

Please be advised that whilst our partner agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Auctioneer comments
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 buyer will pay £300.00 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 4.80% of the purchase price including VAT, subject to a minimum of £6,000.00 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. Payment varies but will be no more than £450.00. These services are optional.