Lansdowne Road, Manchester, Greater Manchester, M8

Mixed Use

Property Description:
A freehold investment opportunity situated in a popular and convenient location.

Comprising of a mixed use property with a commercial unit to the ground floor with large, split level, 3 bedroom flat above. Offering approximately 1457 sqft of accommodation.

Offered fully let with a combined income of £14,400 per annum.

Situated close to Lansdowne Road and North Manchester General Hospital.

Ground Floor Commercial Unit- Let a £7200 per annum.
Used as an after School Tutorial Centre.

Upper Floor Duplex Apartment - Let at £7200 per annum.

Scope for rental increase.

An ideal investment opportunity with excellent yield and income from day one.


Mobile Phone Coverage
O2, EE, Three and Vodafone are available in this location.

Satellite and Cable TV Availability
BT and Sky are available in this location.

Broadband (estimated speeds)
Standard 16 mbps. Superfast 80 mbps. Ultrafast 330 mbp.

Construction Material
Cavity wall, as built, no insulation (assumed). Information taken from EPC.

Tenure:
Freehold. Subject to tenancy.

Utilities Information
Heating Supply: Double Glazing, Gas Central
Electric Supply: Mains Supply
Water Supply: Mains Supply
Sewerage Arrangements: Mains Supply

Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

* 5% deposit (subject to a minimum of £5,000)

* Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.