2 bed flat for sale

City Road East, Manchester M15

**For sale by Modern Method of Auction. Starting Bid Price £120,000 plus Reservation Fee.** A spacious 2 bedroom apartment complete with parking within the City South development, conveniently located within easy reach of Deansgate, Castlefield and the wider city centre with excellent transport links. Currently achieving £1300pcm though vacant possession is possible if required. Fire safety works pending but funded by the original developer. EPC Rating D.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MCC260417/8

Ground Floor

Entrance Hall

Laminate flooring and cupboard housing the water heater.

Living Area/Kitchen (6.11m x 5.84m (20' 1" x 19' 2"))

Spacious open-plan design with scope for distinct living and dining areas with laminate flooring and full-height windows overlooking the internal courtyard. Kitchen area with fitted base and wall units, integral electric oven and hob with extractor hood, circular sink with mixer tap, tiled flooring and splashbacks. Please note the dishwasher is not functional.

Bedroom 1 (5.33m x 3.64m (17' 6" x 11' 11"))

A spacious main bedroom with glazed door leading out to the communal courtyard and carpeted floor. Door to:

Ensuite

Shower cubicle, wash basin, WC, tiled splashbacks and flooring, heated towel rail.

Bedroom 2 (4.27m x 3.94m (14' 0" x 12' 11"))

With window and carpeted floor.

Bathroom

Panelled bath with shower over, wash basin, WC, tiled splashbacks and flooring, heated towel rail.

Parking

A secure parking space is included in the sale.

Please Note

Please note that the development requires fire-safety related remedial works to achieve a satisfactory EWS1 certificate, which have not yet commenced but are being co-ordinated by the original developer (Bellway). Any prospective buyers seeking mortgage finance should conduct their own due diligence via a mortgage broker or lender to ascertain whether the property will meet their criteria and what documentary evidence may be required to support that. We as agents cannot give any assurances in that regard as each lender will have its own lending policies. There are also works relating to the roof planned, which the management company have advised "will be fully funded through the service charge, via a combination of sinking fund contribution and additional service charge demands" - please ask us for further information on this.

Leasehold/Council Tax

Lease term: 150 years from 1st January 2000.
Ground rent: £155.85 per annum.
Service charge: £1805.27 for period 01/01/26-30/06/26, equating to an approximate annual figure of £3610.54.
Please verify lease details with your solicitor.
Council tax band E (Manchester City Council).

Tenancy Information

The property is currently let at £1300 per calendar month, offering a very attractive yield to an investor looking to purchase a property with tenants in situ. Alternatively vacant possession can be discussed if required.

Auctioneer's Comments

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 4.5% 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 (truncated)