Demesne Road, Manchester, M16

The Property
*** PROPERTY COMPRISES OF A STUDENT BEDROOM, COMMUNAL KITCHEN, LOUNGE AREA & GARDENS *** THIS IS AN IDEAL PROPERTY FOR ANY INVESTOR LOOKING FOR A GOOD RETURN *** EXCELLENT BUS ROUTES INTO MANCHESTER CITY CENTRE AND BEYOND *** EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED ***

The property is surrounded by key landmarks that potential tenants will be looking for when wanting to commute to the city center or to the universities. It is a few moments’ walk away from Princess Road and is overlooking Alexandra Park. Within the building included with the room is a communal kitchen with all appliances, communal area for occupiers to sit & also a gym at no extra cost. The room itself is a good size double with space for a desk and wardrobe. There is also a sink within the room and a window overlooking the large gardens which surround the property. The communal living area has French doors leading out onto the patio which would be ideal for tenants to use in the summer. Montgomery House is designed specifically for students and offers over 200 rooms available to rent. The whole building is managed by a non-profitable organization to ensure its investors are able to make a solid return on their room each year. The room is currently tenanted at £475 per month and is rented with bills included.

This Property is of non standard construction and may effect your ability to purchase the property with a mortgage

Lease info: 150 yrs from 1 Jan 2011


Property Description
This property is offered for sale using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell. When an offer is accepted, the buyer will be required to make payment of a non-refundable Reservation Fee of 3.6% of the purchase price including VAT (in addition to the final negotiated selling price). This is subject to a minimum amount of £6,600 including VAT. This will secure the transaction and the property will be taken off the market. The purchaser will not be exchanging contracts but will be given 90 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor.

The buyer will also be required to pay a legal pack fee of £372 including VAT and to sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation Fee team at GOTO Group.

Buyer Fees

The Reservation fee and legal pack fee are in addition to the final negotiated selling price.
Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.