Residential Development Site with Consent for 8 no. Apartments
Auction Date: Wednesday 22nd May 2019 Auction Venue: AJ Bell Stadium 1 Stadium Way, Barton-upon-Irwell, Salford, M30 7EY A residential development site, benefiting from full planning consent, dated 13th November 2018 for the erection of a three storey block of 8 self-contained apartments (6 x one bed and 2 x two bed/two bath), together with single storey double garage and on-site parking (ref: 120669/FO/2008-Manchester City Council). The site extends to approximately 0.21 acre (866 sq m), being situated at the head of Park Grove, accessed via Slade Lane (A5079) convenient for the centre of Levenshulme with direct rail and bus link into Manchester City Centre, approximately 2.5 miles to the north. Local Estate Agents have appraised the end values as follows:- 1 bed apartments £120,000 to £140,000 & 2 bed apartments £135,000 to £180,000 dependent upon specification, giving a GDV of c£1m to £1.2m.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating N/A
Manchester City Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 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.