For sale by auction on Wednesday, 13 March 2024 at 12:00

Venue: Online Auction

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/

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.

EPC Rating: C

Viewings

Additional Fees
Buyers 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.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.