2 bedroom apartment for sale
Spinning Mill, Lower Vickers Street, Manchester, M40
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
Ask agent
Key features
- For Sale By Modern Method Of Auction
- Buyers Fees Apply
- Investment Only
- Tenanted Until June 2026
- Two Bedrooms
- Two Bathrooms
- Third Floor
- No Chain
- Parking
- 6.12% Gross Yield
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
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: E
- LISTED PROPERTYA property designated as being of architectural or historical interest, with additional obligations imposed upon the owner.Read more about listed properties in our glossary page.
- Listed
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Level access
Spinning Mill, Lower Vickers Street, Manchester, M40
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Visit our security centre to find out moreDisclaimer - Property reference S1277170. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Henry Wiltshire, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Henry Wiltshire, Manchester on 0161 524 6290.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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