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

Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

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

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

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction 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.