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£140,000

The Quadrangle, Lower Ormond Street, Southern Gateway, M1

  • 1 bed
Flat

£140,000

  • 1 bed
Flat
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Buy with a mortgage
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Estimate monthly mortgage payment:

£639 per month

Minimum deposit amount:

£7,000
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This property is for sale by Modern Method of Auction.

Goodwin Fish is offering for sale a well positioned apartment in one of Manchester`s most popular developments, The Quadrangle. Ideally located for the University of Manchester and within throwing distance to Oxford Road train station, residents will benefit from a number of local amenities that make up the thriving neighbourhood environment of the Southern Gateway.

Located on the eighth floor and benefiting from a view of the communal courtyard, the property briefly comprises: entrance/hallway; open plan lounge/diner with access to balcony; kitchen with integrated appliances; double bedroom; bathroom.

The property is currently tenanted on a rolling contract achieving a rental income of ?840.95 on a fully furnished basis.

We can confirm the development benefits from an EWS1 form with B1 rating which maybe required by lenders issuing a mortgage.

Tenure: Leasehold
Annual service charge: ?1,097.96
Annual buildings insurance: ?200.00
Annual ground rent: ?200.00
Length of lease: 125 years from 2004
Management company: Zenith Management (Nw) Ltd

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. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.

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. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

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 ?960 inc. VAT. These services are optional.

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.


Council Tax
Manchester City Council, Band B

Utilities
Electric: Mains Supply
Gas: None
Water: Mains Supply
Sewerage: Mains Supply
Broadband: None
Telephone: None

Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No
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£639 per month
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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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