2 bed apartment to buy in M3
New Bailey Street, Salford, Greater Manchester, M3 5GR
Online auction
- 30th floor
- Two double bedrooms
- Two bathrooms
- Elevated city views
- £21,000 per annum rental income
- Residents' gym
- Exclusive resident events
- Prime city centre location
- Close to Spinningfields, Deansgate, and Salford Central Station
2 bed apartment to buy in M3
Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £210,000.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
** Two Bedroom Apartment Tenanted Generating £21,000 Per Year **
An exceptional investment opportunity offering elevated city living in this premium two double bedroom, two bathroom apartment, with incredible views across the city, approximately 710sqft of accommodation and an attractive rental income of £21,000 per annum. Situated in the sought-after Riverview Affinity Living development, residents benefit from an impressive range of exclusive facilities, including a 24-hour concierge service, residents' gymnasium, two private cinema rooms, and exclusive resident events.
The property is ideally positioned on New Bailey Street, just moments from Spinningfields, Deansgate, and Salford Central station, making it particularly attractive to both professional tenants and investors seeking a prime city centre location.
With no onward chain, excellent resident facilities, and strong rental return, this property represents a fantastic investment opportunity in the heart of Manchester.
Annual service charge - £3600 per annum
Ground rent - £500.00 per annum
Lease length remaining - 243 Years
Length of Lease: 243
Annual Ground Rent Amount: £500.00
Annual Service Charge Amount: £3,600.00
Summary
- Property Type: Apartment
- Bedrooms: 2
- Receptions: 1
- Tenure: Leasehold
- Heating: Electric
- Parking: None
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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