Room 21,Montgomery House, Demesne Road, Manchester, M16 8PH
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- Student En-Suite Accommodation
- Tenant in Situ until 30/08/2024
- Currently let at £450pcm
- Potential Income of £525pcm
- Off Road Parking
Description
For sale by Timed auction on 17-09-2024 at 12:00 PM.
To register for legal packs and bidding instructions please visit our website.
Student En-Suite Accommodation – Tenanted at £5,400pa
Auction House North West have not inspected the property but we have been made aware that this is a student en-suite accommodation room situated on the ground floor residing within the main house of Montgomery House offering off road parking.
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. Montgomery House is designed specifically for students and offers over 200 rooms available to rent.
The room is currently tenanted at £450pcm (£5,400pa) until 30th August 2024. A section 21 has been served to the tenant to vacate. Potential rental income could achieve approx. £525pcm (£6,300pa). Please refer to the legal pack for more information.
Situated approx. 2 miles from Manchester City Centre and approx. 1.2 miles from University of Manchester along with local amenities and transport links nearby.
Please be aware that there are no viewings available.
Tenure: Leasehold Length of Lease: 150 years from 1 January 2011 Service Charge & Monthly Bills: £217pcm Ground Rent: £100pa Title number: MAN181980 Council Tax Band: N/A – included within service charge Local Authority: Manchester
Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip
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ACCOMMODATION
IMPORTANT INFORMATION
Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Further Info
Local Authority: Manchester City Council
Tenure: Leasehold
Current ground rent: £100pa
Ground rent review period: null
Current service charge information: Service Charge & Monthly Bills: £217pcm
Service charge review period: null
Length of lease: 150 years from 1 January 2011
Council Tax: TBC
Current Yield: 30%
Potential Yield: 35%
Rent PCM: £450.00
Additional Fees
Administration Charge: 1.98% Inc VAT of the purchase price, subject to a minimum of £1980.00 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.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Room 21,Montgomery House, Demesne Road, Manchester, M16 8PH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St Werburgh's Road Station1.0 miles
- Withington Tram Stop1.1 miles
- Chorlton1.2 miles
About the agent
Auction House North West, Commercial
14 St Marys Parsonage, Manchester, M3 2DF
At Auction House North West we sell from a diverse catalogue, offering specialist advice both in the residential and commercial sectors. We provide unrivalled coverage of the North West region with active offices in both Manchester City Centre and Preston.
The creation of 'Auction House North West' is testament to the direct demands of North West Investors, who are constantly seeking speedy and transparent options to both purchase stock and dispose of their existing property portfolios,
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 6101. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House North West, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House North West, Commercial on 0161 524 6307.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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