Lot
029
Auction: January 2023 Online Auction 18/01/2023

Nikitas House, 1 My Street, Salford, Greater Manchester M5 5GG

Property Details
Location
Description
A freehold residential investment comprising a substantial detached house which has been converted to provide a total of 8 no. separate apartments consisting of 3 x 2 bedrooms and 5 x 1 bedrooms. All flats are currently let and producing an annual rent equivalent to £72,000. Many of the flats have been occupied by the same tenants for a number of years and are well sought after once they become vacant. Externally there is off street parking via secure electric gates. Additionally there is basement storage.
Location
The property fronts onto the corner of My Street and Ronaldsay Gardens via Eccles New Road (A57). Langworthy Metrolink Station is a 2 minute walk away and provides convenient and regular access to Manchester City Centre situated 3 miles to the east and surrounding areas and destinations. Junction 3 of the M602 motorway network is a short drive away.
Accommodation
Pugh & Co have not inspected any of the flats internally and the following accommodation details have been provided by the vendor. Potential buyers are advised to rely solely upon their own enquires in this regard. 

Flat 11 bedroom / 1 bathroom
Flat 21 bedroom / 1 bathroom
Flat 31 bedroom / 1 bathroom
Flat 42 bedroom / 2 bathrooms
Flat 72 bedroom / 2 bathrooms
Flat 81 bedroom / 1 bathroom
Flat 92 bedrooms / 2 bathrooms
Flat 101 bedroom / 1 bathroom

Tenancy
All flats are currently let at a variety of rents typically between £550pcm-£850pcm equivalent to an annual income of approximately £72,000.
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 refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 17TH JANUARY AND CLOSES ON WEDNESDAY 18TH JANUARY.

Energy Performance Certificates:
Flat 1 = D
Flat 2 = D
Flat 3 = C
Flat 4 = D
Flat 7 = C
Flat 8 = C
Flat 9 = C
Flat 10 = C

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