Residential Investment – Block of Five Apartments – producing £32,700 pa (ERV £39,300 pa)

Substantial corner period property converted to now briefly comprising five separate units (2x studios and 3 x 2 bed) as follows: Ground Floor, Two studio apartments circa 50 SQ M each self-contained with living area/kitchen, shower room and mezzanine. Basement: Large self-contained apartment circa 70 SQ M with living room/kitchen, sitting/dining room, two double bedrooms and bathroom. First floor: Large self-contained apartment circa 80 SQ M with living room/kitchen, two bedrooms and shower room. Second Floor: Large self-contained apartment with living room, large dining kitchen, two bedrooms and shower room. Currently majority occupied by ASTs, except for Studio 13 B, as follows: - 9 Scholes Street - £750 pcm 9a Scholes Street - £675 pcm 13a Rhodes Street - £750 pcm 13b Rhodes Street – vacant (ERV £550 pcm) 13c Rhodes Street - £550 pcm Total Monthly Rent £2,725 pcm / £32,700 pa £3,275 pcm rising to £39,300 Gross per annum when fully let. Please refer to legal pack for copies of ASTs. The property on offer is a block of self-contained residential units located in Oldham Town Centre just off Yorkshire Street convenient for the Metrolink and main shopping district. Tenure: Leasehold Title number: LA81744 Length of Lease/Term: AWAITING CONFIRMATION Ground Rent : AWAITING CONFIRMATION Service Charge: AWAITING CONFIRMATION Council Tax Band : A Local Authority: OLDHAM Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Oldham Metropolitan Borough Council

Solicitors

E & K Solicitors, Ref: Raza Khurshid, Tel: 0161 256 3915

Additional Fees

Buyer's Premium - £4800 inc VAT payable on exchange of contracts.

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.