2 bed flat for sale

Gregge Street, Heywood, Rochdale OL10

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

This second floor apartment is being sold with a tenant-in-situ and offers a fantastic investment opportunity. Located within walking distance of local amenities including cafes, pubs, bars and restaurants, the apartment is conveniently situated for easy access into Rochdale and Bury town centres whilst also a short drive from the motorway network.

The apartment offers spacious living accommodation briefly comprising of an entrance hall, large lounge / dining area open plan to a fitted kitchen, two double bedrooms and a three-piece bathroom. The apartment benefits from having upvc double glazing throughout and an electric heating system.

The apartment also comes with allocated parking and additional visitor parking.

Gross annual income of £9,000 let on an assured shorthold tenancy with the potential to increase!

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. 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.

Ground Floor

Communal Entrance

Security door/system with stairs and lift to all floors

Second Floor

Apartment Entrance Hall (7' 1'' x 8' 8'' (2.15m x 2.65m))

Storage cupboard

Lounge / Dining Room (18' 0'' x 15' 11'' (5.48m x 4.85m))

Large open plan room

Kitchen (7' 2'' x 11' 4'' (2.18m x 3.45m))

Contains fitted storage units, induction hob, oven, extractor fan and sink unit

Bedroom One (11' 2'' x 10' 6'' (3.41m x 3.20m))

Double room

Bedroom Two (10' 6'' x 8' 1'' (3.20m x 2.47m))

Double room

Bathroom (7' 2'' x 5' 6'' (2.18m x 1.68m))

Three-piece suite comprising of wc, wash hand basin and bath with shower

Heating

The property benefits from having electric storage heaters and upvc double glazing throughout

External

The apartment also comes with allocated parking and additional visitor parking

Tenancy Details

Rental Income Per Calendar Month - £750

Additional Information

Tenure - Leasehold £700 p/a until end of 2030, then goes up by rpi every 5 years starting 2031
EPC - C



Council Tax - A

Service Charge - £2400