1 bed flat for sale

Chapeltown Street, Manchester, Greater Manchester M1

To be sold by the modern method of auction

Investors only - tenants in situ until November 2024

Quantum is a seven-storey canal-side development which has 114 apartments across three blocks. Quantum is within a few minutes’ walk of Piccadilly train station, is just across from New Islington Metrolink stop. This one bedroom luxury apartment is located on the 1st floor and consist of a hallway, living area with a fitted multi appliance kitchen. One great size double bedroom plus a bathroom.

Leasehold Expires 31/12/2254
Ground Rent £500 per annum
Service Charge £1,372 per annum
Management Randall & Ritner
Potential rental- £1,000pcm
Gross yield- 8%
Net yield- 6.7%

This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack.
The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.