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    Key features

    • Ground rent investment
    • Secured upon 101 apartments
    • Each sold on a 250 year lease from 18/09/2017 (less 3 days)
    • Producing a rental of £25,250 per annum
    • By order of the LPA Receivers

    Description

    A recently constructed six storey block comprising 101 apartments with ground / basement parking. The block benefits from an EWS1 form.

    Additional information

    Tenure

    Leasehold - 250 years from 18/09/2017

    Tenancy

    Each flat is sold on a 250 year lease (less 3 days) from 18/09/2017 at a ground rent of £250 per annum

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Loom Building sits in a fantastic location in New Islington, with ease of access to all Manchester has to offer.

      New Islington tram stop is located close by for travel in and around the city (0.1m), whilst Piccadilly station offers excellent rail connectivity across the UK (0.7m).

      General shopping, restaurants and bars are in abundance thanks to the New Islington location and close proximity to Ancoats/Northern Quarter.

      Transport

      Manchester Station - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums