For sale by Unconditional Online Auction.
On behalf of X1 Sales & Lettings - Liverpool

DRAFT DETAILS - awaiting vendor approval


A fantastic opportunity to purchase a studio and car parking space within a Grade II listed building right in the heart of Manchester! X1 Salford Town Hall used to be the former Magistrates court and is therefore steeped in history.

X1 Town Hall is set in a great location with local amenities on the doorstep, a short walk into the city centre and great transport links.

This studio is on an upper floor and is of a great size, with large windows , an abundance of natural light and high ceilings. This remarkable building also benefits from a private gym, residents library and overnight security.

The apartment comes with a sitting tenant making it an ideal investment opportunity. X1 Town Hall is managed by X1 Lettings and benefits from an excellent occupancy rate year round!

Note Length of lease: TBC
Current ground rent: £250
Ground rent review period: TBC
Current service charge: £2,519.24 (including utility bills)
Service charge review period: TBC

This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Note Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure: Leasehold

EPC Rating: C

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

X1 Sales & Lettings