Apartment 1212, West Point, 501 Chester Road, Old Trafford, Manchester M16 9QY

A vacant apartment set in a prime location, near fantastic amenities. The surrounding area is experiencing excellent growth making this a fantastic investment property.

Last rented out at an income of £1,148 per calendar month (£13,776 per annum) which represents a yield of 18.37% against guide price.

Well-connected to Manchester city centre and Chorlton, thanks to excellent transport links.

The apartment is nestled within a secure gated community, ensuring peace of mind for residents. The accommodation comprises an open-plan kitchen/diner equipped with integrated appliances, a modern bathroom and a spacious double bedroom with a built-in wardrobe.

Residents can enjoy a host of benefits including -
1) Concierge service
2) Laundry rooms
3) Bike storage
4) On-site gym
5) Co-working spaces
6) Resident’s lounge

For those who love the outdoors, Seymour Park and Hullard Park are conveniently located nearby.

Leasehold Information: 250 years from and including 27 February 2019
Service Charge: Approximately £3057.88 Per Annum
Ground rent: £250 Per Annum
EWS1 B1 rated

Vacant posession upon completion

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms. 

Leasehold Information
250 years from and including 27 February 2019. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note
Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Particulars
These sales details are awaiting vendor approval