Mayfield Street, Manchester
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- GROUND RENT INVESTMENT OPPORTUNITY
- FOR SALE BY WAY OF A TRADITIONAL AUCTION
- VIA AN ONLINE AUCTION PLATFORM
- OPEN TO BID FOR 24 HOURS FROM 6th Oct 12:00PM UNTIL 7th Oct 12:00PM
- 19 FLATS PRODUCING £2375 P.A
- 999 YEARS LEASES WITH CIRCA 980 YEARS REMAINING
- MODERN BLOCK BUILT CIRCA 2007/2008
- TITLE NUMBER: MAN77723.
- VISIT OUR WEBSITE-REGISTER, VIEW THE LEGAL PACK AND BID
Description
FOR SALE BY WAY OF A TRADITIONAL AUCTION ALTHOUGH AVAILABLE TO BID VIA AN ONLINE AUCTION PLATFORM. JUST VISIT OUR WEBSITE, REGISTER, VIEW THE LEGAL PACK AND BID.
A exciting investment opportunity comprising a portfolio of modern secured ground rents producing £2375 annually from 19 apartments let on long leases.
Constructed circa 2007/2008 with approximately 980 years remaining from a 999 year lease. Title number MAN77723.
General Information. - Ground rent portfolio producing £2375 per annum made up of 19 apartments let on long leases within a modern apartment block built circuit 2007/2008.
A portfolio of modern secured ground rents secured to 19 apartments in a block built circa 2007/2008. The ground rents are £125 per unit with the gross income receivable amounting to £2375 per annum. The dwellings are let on long leases from 2007 with approximately 980 years unexpired.
The Property are held on the title Number MAN77723.
Guide Price - *GUIDE PRICE: This is an estimate of the likely range of selling price and is set at the commencement of marketing. The guide price may change during the marketing period. RESERVE PRICE: This is agreed with the Auctioneer prior to the auction and will not be disclosed to the public. The reserve price is the lowest figure at which the property is available for sale at the auction. If the lot is not sold at the auction then the property may be available for sale afterwards at a higher or lower figure. See online catalogue for full explanation.
Holding Fee - £300 of your holding deposit fee will be used to cover banking costs and does not contribute towards your deposit.
Contract Information - We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which will become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
You must register online to inspect the documents prior to bidding.
The completion date as per the Common Auction Conditions online is 20 business days from the fall of the electronic hammer.
Auction Information - SALE DATE 6TH OCTOBER 12:00PM OPEN TO BID FOR 24 HOURS: Closing bids on 7TH 12:00PM or before
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. *Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.*
VISIT OUR WEBSITE TO REGISTER & BID
Brochures
Mayfield Street, ManchesterBrochure- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 34962085. 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 Boultons, Huddersfield. 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 Boultons, Huddersfield on 01484 627605.
*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.