Chapel Street, Salford From £25,000

• INVESTMENT OPPORTUNITY
• STUDENT ACCOMMODATION
• TENANT IN-SITU
• PRIME LOCATION

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £25000

We are pleased to introduce this investment opportunity sold with tenant in-situ.

The apartment is located on Chapel Street, Salford, M3 5JZ
X1 Student Accommodation in close proximity to Salford University generating a high rental demand.

The property itself is one of the larger units in the block. It consists of a simplistic design with a double bedroom, bathroom and hallway making it an ideal, low maintenance investment for anyone looking to get on the investment property ladder, or expanding an existing portfolio.

Current rental income £8,495.96 per annum with potential to increase.

Service Charge £4,080.72 per annum.

Ground rent: £500.00 per annum.

Starting Bid: £25,000.00.


Please note, any viewings or offers that take place from this moment must be placed through the auction T&Cs as per the Sellers agreement.

• Vendors/Tenants will have to wait outside while viewings are completed, or in different parts of a house if it’s large enough.
• Potential buyers/renters will not be allowed to touch surfaces including doorknobs and agents will have to have to carry wipes and disinfectant.
• Those completing viewings including agents will have to wear masks and gloves and must not present any COVID-19 symptoms including a cough.
• Only two people will be able to attend viewings – children and other members of a family will not be able to come.

To ensure the COVID-19 crisis will not impact our level of service, here are the companywide measures we've taken:

• Following official guidelines: Our offices are strictly adhering to all guidelines from the Center for Disease Control (CDC) and the World Health Organization (WHO), and our staff are taking all preventative measures seriously.
• Working remotely: We operate day to day via cloud based systems and therefore we expect any disruption to our level of service to be minimal. All teams have access to a computer if we’re required to work from home in the near future.
• Travel restrictions: We love travelling to meet our customers, but, for the time being, we’ll be halting all unnecessary travel.
• Managing employee illness: Employees who are not feeling well are instructed to stay at home. If they, or a family member, are diagnosed with the virus, our Senior Management team will be immediately notified. No employees, to date have contracted COVID-19.

From 1st June 2019:

• Monthly Rent as agreed
• Deposit equivalent to 5 weeks rent up to annual rent of £50,000
• Holding fee equivalent to 1 weeks rent
• Rent Arrears plus interest as per regulation https://www.gov.uk/government/collections/tenant-fees-act
• Utilities
• Cost of replacement lost keys, fobs etc
• Variation to Tenancy £50 inc VAT
• Early termination of tenancy up to total of outstanding rent or agents relet fee plus rent up to new signed tenancy
• Greendeal payment or other energy efficiency Charges

Existing Tenancies and Periodic Tenancies pre 1st June 2019:

Fees as per tenancy still applicable.

For more information on the Tenant Fee Act visit : https://www.gov.uk/government/collections/tenant-fees-act

For more information on our company please visit www.themanchesteragent.co.uk
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