***FOR SALE BY MODERN METHOD OF AUCTION***
Stillwater Drive is part of the Sport City Complex that is a purpose-built development of apartments within walking distance to the city centre. Close to the local schools, Etihad Campus and the nearby Velodrome Metro link tram stop, this property is within easy reach of a lot of local amenities as well as Manchester city centre. This 5th floor apartment is accessed via a lift and consists of a impressive living area incorporating a superb fitted kitchen. The living area enjoys a balcony , one superb master bedroom. A three piece fitted bathroom is also present and this apartment comes complete with a secure car parking space.
Management company Scanlans
Leasehold Expires 29/10/2255
Service charge £2,220 per annum
Ground Rent Peppercorn.
Potential rental- £1050
Gross Yield-9.6%
Net yield- 8%
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack.
The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
