Lot
031
Auction Ends: 22/03/2023 12:26 - Bidding opens Tuesday 21st March 10:00 AM

The Boatmans, Apartment 9, 42 City Road East, Manchester, Greater Manchester M15 4QF

Property Details
Location
Auction Details
Description
A residential investment opportunity comprising a two bedroom City Centre apartment, currently let at £950pcm equivalent to £11,400 per annum. The property benefits from open plan living accommodation leading onto a small balcony and en-suite to the master bedroom. Additionally there is an allocated parking space.
Location
The Boatmans is a residential apartment development fronting City Road East / Great Jackson Street, superbly located for City Centre living. All the amenities and facilities Manchester has to offer are easily accessible with the likes of Deansgate Square, First Street and Deansgate Locks just a short walk away. There are excellent transport links available nearby with both Oxford Road and Deansgate Railway Station's and Deansgate Castlefield metro link a 10 minute walk away. The property benefits from an extended completion timescale of 10 weeks.
Accommodation
Pugh & Co have not inspected the property internally and the following accommodation details have been provided by the vendor;

Fourth FloorEntrance Hallway, Kitchen / Living / Dining Room, Bedroom x 2 with master en-suite, Bathroom

Outside
Balcony and allocated parking space.
Tenancy
The property is let by way of a licence agreement to 2 individual tenants at a combined monthly rent of £950pcm.
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 21ST MARCH AND CLOSES ON WEDNESDAY 22ND MARCH.

3. We understand the ground rent is approximately £150 per annum and service charge is approximately £300pcm.

4. We understand from the vendor the building has confirmed funding for fire remediation works which are due to commence in May 2023. As this funding is 100% covered by the government fire safety funds, no costs or fees are payable by leaseholders. The scheduled works are not expected to take an inordinate amount of time. Further documentation can be found within the legal pack.

5. Completion not to take place before 5th June 2023

6. Energy Performance Certificate = B
Addendum
The property is held on a 999 year leasehold 4th October 2002 The property is let by way of a licence agreement to 2 separate tenants at a combined rent of £950pcm.

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