A Tenanted one bedroomed Studio Apartment producing an attractive gross yield return of £12,287.99 for a term of 11 months. This development has an excellent location right on the corner of the University of Salford Frederick Road Campus and good transport links into the city and beyond. Briefly comprising open plan lounge/kitchen/bedroom and a bathroom. We are advised that beyond the contents of the legal pack documentation the Sellers solicitors are unable to address any further enquiries – prospective bidders are advised to satisfy themselves entirely in relation to the documentation prior to registration and make their own further investigations as necessary. Lease Length - 999 years (less 3 days) from 1 January 2018 Ground Rent - £454.70pa Service Charge - £610.19 per quarter
Tenure
Leasehold
Energy Efficiency Rating (EPC)
Current Rating B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Salford City Council. Council Tax Band A.
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.
Additional Fees
Buyer's Premium - £2,400 inc VAT.
Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1500 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.