Lot 5 - Apartment 3, 6 Ludgate Hill, Manchester, Lancashire, M4 4BW
- Unconditional Online Auction Sale
- Guide Price* : £90,000 plus
ON BEHALF OF THE RECEIVERS - City centre 2 bed apartment in a purpose built modern block let at an annual equivalent rent of £9,180
Description
Spacious two bedroom apartment is positioned on the ground floor of the development and benefits from secured access, lift and intercom system. The property is current subject to a tenancy agreement at a monthly rent of £765 per month.
Location
The property is located in the sought after Angel Meadows in Manchester City centre. The area is extremely popular with young professionals and students due to its short distance from Manchester City Centre, being within 7 minute walk from the popular Northern Quarter and close to Victoria Station and Angel Meadows Park. It has also seen extensive regeneration and development within the past few years. It has excellent road links into and around the City Centre and Shudehill Metrolink and bus station is located approximately 5 minutes' walk away.
Tenure
Leasehold for 250 years from 26th May 2006 at a rent of £150 per annum subject to 21 yearly rent reviews.The service charge demanded for the 6 month period to 31st December 2020 was £891.86.
Accommodation
Entrance Hall, Master Bedroom with En-suite, Bedroom, Bedroom, Main Bathroom and Kitchen/Living Room.
Tenancies
The property is let on a statutory periodic monthly tenancy following the original AST was granted for 12 months from 18th November 2015 at a rent of £765 per month.
EPC
Energy Asset Rating is C.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,800 (inc VAT) payable upon exchange of contracts.* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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