216M Montgomery House, Demesne Road, Manchester, Lancashire, M16 8PH
- Conditional Online Sale
- Offers in Excess of : £16,000
- Bedrooms: 1
ONLINE RESERVATION FEE WITH THE GOTO GROUP FOR THIS ONE BEDROOM PROPERTY IN MANCHESTER - M16 8PH
Tenure
LEASEHOLD
Description
Property comprises of a student bedroom, communal kitchen, lounge area & gardens.
This is an ideal property for any investor looking for a good return *** excellent bus routes into Manchester city centre and beyond *** early & internal viewing highly recommended ***
The property is surrounded by key landmarks that potential tenants will be looking for when wanting to commute to the city center or to the universities. It is a few moments’ walk away from Princess Road and is overlooking Alexandra Park. Within the building included with the room is a communal kitchen with all appliances, communal area for occupiers to sit & also a gym at no extra cost. The room itself is a good size double with space for a desk and wardrobe. There is also a sink within the room and a window overlooking the large gardens which surround the property. The communal living area has French doors leading out onto the patio which would be ideal for tenants to use in the summer. Montgomery House is designed specifically for students and offers over 200 rooms available to rent. The whole building is managed by a non-profitable organization to ensure its investors are able to make a solid return on their room each year. The room is currently tenanted at £475 per month and is rented with bills included. This Property is of non standard construction and may effect your ability to purchase the property with a mortgage
Lease info: 150 yrs from 1 Jan 2011
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well
Comments
This property is offered for sale via the Reservation Fee Service which is a flexible and buyer friendly method of purchase. The purchaser will be given 90 working days in which to complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Merchant may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Merchant authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Merchant.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £2,628 including VAT and a legal pack charge of £372 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
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