Lot
012
Auction Ends: 28/04/2021 15:38

53 & 53a Outwood Road, Manchester, Lancashire M26 1AQ

Property Details
Location
Description
A two storey property (plus cellar) comprising 2 x 1 bedroom flats over ground and first floor. The first floor flat is let at £80 p/wk equivalent to £4160 per annum with the potential to further increase the annual income once the ground floor flat is occupied on completion of the required refurbishment works.
Location
The property is located in an established residential position fronting on to Outwood Road and close to the junction with James Street. There are a number of schools in the nearby area and Radcliffe town centre is 0.5 miles away.
Accommodation
Pugh & Co have not inspected the first floor flat and the accommodation has been supplied by the vendor;

Ground FloorKitchen, Living Room, Bedroom, Bathroom
First FloorKitchen, Living Room, Bedroom, Bathroom

Tenure
Unknown
Tenancy
The first floor flat is let at £80 p/wk equivalent to £4160 per annum with no arrears confirmed by the vendor as of March 2021.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 27TH APRIL AND CLOSES ON WEDNESDAY 28TH APRIL.

3. Both flats are separately accessed with their own individual entrance doors, meters and services (not tested).

4. There is the potential to increase the rental income to circa £8,000 per annum.

5. The property is held on a leasehold title dated for a term of 999 years (less 1 day) dated 24th December 1883.
Addendum
The property is held on a leasehold title dated for a term of 999 years (less 1 day) dated 24th December 1883.

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