Studio for sale

Lancaster House, Whitworth Street, Manchester M1

For sale by modern method of auction - T&c's apply

Starting bids from £70,000 - Cash Buyers Only

Julie Twist Properties welcome to the market this first-floor, studio apartment in Lancaster House – A Grade II Listed Warehouse conversion in the heart of the City Centre. The apartment offers an entrance hallway with access to two storage cupboards, a three-piece bathroom suite and an open-plan kitchen and living area.

Lancaster House was previously a packing and shipping warehouse built between 1905 and 1910 for Lloyd’s Packing Warehouse Limited. Lancaster House is conveniently located between Oxford Road and Piccadilly train station offering great transport links. The property has great access for anyone attending Manchester University or nearby campuses and is also within reach of China Town, Portland Street and Piccadilly Gardens.

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 4.5% 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.

General

Rental Yield: 12% (Based on expected rental price of £700pcm)Service Charge: £4440.00 per annum (This includes Buildings Insurance)Ground Rent: £0 per annumGround Rent Review Period: N/ALease: 125 years from 1 April 1991Square Footage: 337 sq.ft / 31.4 sq.mCouncil Tax Band: B (Manchester City Council)

Hallway

Laminate flooring, wall-mounted heater, cupboard housing the boiler, storage cupboard and spotlights.

Living Area/Bedroom

Double-glazed window, carpeted flooring, wall mounted heater, phone/TV point, and ceiling light.

Kitchen

Open plan to the living area and bedroom, the kitchen comprises wall and base units, built-in oven, four-ring hob with extractor over, integrated oven, space for a freestanding fridge with freezer drawer, space for washing machine/dryer, sink with mixer tap and drainer, laminate flooring and spotlights.

Bathroom

Accessed via the hallway, a three-piece bathroom comprising a bath with shower attachment over, WC, sink with mixer tap, tiled walls, tiled flooring, extractor and spotlights.