Bexley Square, Town Hall Bexley Square, M3
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
366 sq ft
34 sq m
Description
X1 Town Hall, Manchester – Investment Opportunity | Tenant in Situ | Guide Price £55,000
X1 Sales & Lettings are delighted to present this investment opportunity within X1 Town Hall, an attractive Grade II listed development located approximately a 10-minute walk from Manchester City Centre.
Offered for sale by auction with a guide price of £55,000, the apartment is currently tenanted, generating an established rental income of £975 PCM (£11,700 per annum). This presents an opportunity for investors looking to acquire a tenanted property with an income stream already in place.
The Development
X1 Town Hall offers a range of facilities designed around convenient city living. Ideally positioned close to local amenities, shops, eateries and excellent transport links, the development is well placed for access to Manchester City Centre.
Residents benefit from a range of on-site facilities, including:
24-hour gym facilities
Communal library and study area
Overnight security presence
On-site maintenance team
Out-of-hours emergency maintenance service
The development is conveniently located with a Co-op supermarket directly opposite, alongside popular local eateries including The Deli-Llama and GK Tea Rooms.
Investment & Property Information
Approximate floor area: 366 sq ft
Currently tenanted
Passing rent: £975 PCM
Annual rental income: £11,700
Guide Price: £55,000
Ground Rent: £400 per annum
Service Charge: £440 per calendar month
Grade II listed development
Auction Opportunity
This property is offered for sale by auction and may appeal to cash investors and landlords looking to expand their portfolios.
Interested parties are advised to make their own enquiries regarding the lease, service charge, ground rent, tenancy arrangements and any associated auction fees before bidding.
Early enquiries are encouraged. Please contact X1 Sales & Lettings for further information.
AUCTION WORDING
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56- day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc. VAT. These services are optional.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference 839f5f85-0b37-4693-ad07-4771ec31bbdb. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by X1 Sales & Lettings, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call X1 Sales & Lettings, Salford on 0151 453 8069.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.