Lumiere Building, City Road East, Southern Gateway, Manchester, M15

MORTGAGE BUYERS WELCOME due to mortgage companies lending criteria amendments following the Building Safety Act 2022. Government Building Safety Fund Approval in Place for remediation works.

Attention Investors - Tenanted until September 2025 at £1375pcm providing a 11% gross yield.

The property is situated on City Road East and conveniently located to take full advantage of the city centre. Deansgate rail station and Metrolink are a 5 minute walk away and local amenities are within easy reach of the Lumiere Building. The development offers a daytime concierge service, roof garden and gymnasium which is free for all residents to enjoy.

This first-floor apartment offers a generously sized living room with a balcony, a spacious fitted kitchen, family bathroom, and two double bedrooms, with one enjoying the advantage of an en-suite bathroom for added comfort and convenience. Also benefits from secure underground allocated parking.

Subject to contract. EPC Rating C.

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

You may be recommended services by the Agent/IAM-Sold. Recommended services are optional and the Agent or IAM-Sold will receive payment from the provider where recommended services are taken. As such you should consider your options before accepting recommended services.