Block of 18 self-contained flats – Fully Tenanted & Producing £121,680 pa

Substantial double fronted block of 18 self-contained flats spread across 3 floors (6 flats per floor), with two entrances (front & rear). There is also a vacant basement area considered suitable to add up to 6 further flats subject to the necessary consents being obtained. Internally the building benefits from individual central heating, recent redecoration of communal areas, CCTV, fob entry intercom system, fire alarm (hard wired) and UPVC double glazing. Externally there is surfaced car parking to the front, sides and rear. Accommodation All flats are one bed with the exception flats 1, 6 & 12 which are studios. The one bed flats typically provide; Entrance hall, kitchen/diner, lounge, bedroom and bathroom with 3 pc suite. The studio flats; lounge/bedroom, kitchen and bathroom with 3 pc suite. Tenancy Information We have been provided with the following by the vendor, please refer to legal pack for agreements:- Address Rent (pcm) Ground Floor Flat 1 £600 Flat 2 £650 Flat 3 £650 Flat 4 £550 Flat 5 £500 Flat 6 £550 First Floor Flat 7 £500 Flat 8 £650 Flat 9 £650 Flat 10 £420 Flat 11 £650 Flat 12 £450 Second Floor Flat 13 £650 Flat 14 £550 Flat 15 £650 Flat 16 £420 Flat 17 £600 Flat 18 £450 Total Monthly Rent £10,140pcm Current Annual Rent £121,680 pa Location Prominently situated fronting Cheetham Hill Road (A665) one of the main arterial routes leading into Manchester City Centre approximately 2 miles to the south. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating C - Flats 14,15,16 D

Local Authority

Manchester City Council

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.