Recently Renovated Block of Four Flats

Auctionhouse Northwest is delighted to present a ready to go BTL investment. A large Victorian 8 bedroom semi-detached property recently converted and re-arranged as four self-contained apartments, all renovated to an amazing standard. All currently tenanted generating £31740pa. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Description

A newly converted block of 4 apartments - on the outside a large classic Victorian semi-detached building, on the inside a collection of City Centre style modern apartments; with each apartment occupying a single floor of its own. From top to bottom:

Apartment 1

On the 4th level and situated in the former loft space this modern space has a total of 6 skylight windows which allow light to flood all parts of the apartment; and it's the only one of the four apartments to have a balcony. The apartment consists of one separate bedroom and a living/dining/kitchen space with separate integrated fridge and freezer, and modern appliances. Separate store room which houses the boiler and washer-dryer. The jewel in the crown is the modern bathroom which includes a rainwater shower over a luxurious double-ended (over-sized) bath with centrally positioned waterfall tap.

Apartment 2

Situated on the third level (or the 1st floor) this apartment consists of a large separate lounge and one large separate bedroom; the apartment also boasts a modern kitchen with a tall integrated fridge-freezer, induction hob and integrated extractor. The bathroom is consistent with the one on the floor above, retaining all of the same features.

Apartment 3

Situated on the 2nd level (or the ground floor) this apartment consists of a large separate lounge with bay window and one large separate bedroom. Kitchen, as per the floor above. Bathroom, as above.

Apartment 4

The property is lower ground floor and consists of a large separate lounge, with 2 separate bedrooms. The apartment also boasts a modern kitchen identical in features to the floor above. The bathroom is consistent with the one on the floor above, retaining all of the same features. This property has its own gated private access and designated rear outside space.

Grounds

The front: tarmac hard surface with parking for 2 cars. The rear: tarmac communal garden area with additional raised seating area to the back A high level of fire safety has been adhered to, exceeding standard requirements. Smoke/heat detectors throughout and all internal doors are fire doors as standard. The building has a 10 year new build structural warranty in place (From 2020)

Location

Situated within the increasingly popular Levenshulme area of south Manchester, named by the Sunday Times in 2019 as one of the best places to live in the northwest. Levenshulme train station is a 3 minute walk away, with journey times of 6-7 minutes to Manchester Piccadilly station in the City's Centre. Local amenities are numerous and can be mainly found on the nearby Stockport Road. Situated close to a number of colleges with the Dr Swamy PLAB medical college only 0.2 miles away.

Energy Efficiency Rating (EPC)

Current Rating c

Local Authority

Manchester City Council

Additional Fees

Buyer's Premium - £3000 inc VAT payable on exchange of contracts.

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

Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.

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