Flat for sale in Manchester Road, Castleton, Rochdale, Greater Manchester OL11

*** both flats currently tenanted, with an income of £910 pcm / £10,920 annually + £300 annually for a advertisement board ***

with a potential Yield of over 11%

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers
solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria,
affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price
including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as
part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification
verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything
you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation
Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the
preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they
will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral
arrangement and payment prior to any services being taken by you.

With a potential yield of 11%, these well presented 1 bedroom apartments provide a super opportunity for the investor, occupying a highly convenient position, close to a range of amenities and Castleton Station, providing good access into Manchester. The ground floor apartment comprises lounge, kitchen, bedroom and en suite shower room. The first floor apartment has a fitted kitchen to the ground floor, landing to first floor with lounge, master bedroom, bathroom and a useful attic room.

Ground Floor Apartment

Lounge (4.3m x 4.24m (14' 1" x 13' 11"))

Kitchen (2.2m x 2.06m (7' 3" x 6' 9"))

Bedroom (4.27m x 2.6m (14' 0" x 8' 6"))

En Suite Shower

First Floor Apartment

Kitchen To Ground Floor (4.24m x 2.06m (13' 11" x 6' 9"))

First Floor

Landing

Lounge (4.3m x 4.24m (14' 1" x 13' 11"))

Bedroom 1 (4.34m x 1.22m (14' 3" x 4' 0"))

Bathroom

Second Floor

Attic Room (4.24m x 2.6m (13' 11" x 8' 6"))