Auction House / Manchester
  • For Sale By Unconditional Online Auction
  • Guide Price* : £45,000+
  • Bidding Opens 28/09/2026 13:00

Apartment 3 Biwater House, Gregge Street, Heywood, Lancashire, OL10 2AE

Investment Opportunity!!

Description

Ground floor apartment being sold with a tenant in situ.

A fantastic opportunity to add to an existing portfolio or start with an already tenanted investment producing an income of £525.00 pcm / £6,300 pa which equates a gross yield of 14% when based on the guide price.

This apartment comprises: reception/inner hall, generous open plan lounge/kitchen, double bedrooms and bathroom/w.c.

Externally there is a residents car park.

Conveniently located just off Manchester Road, Biwater House offers easy access to the M62 motorway.

The flat is within close proximity to shops, amenities, and transport links, ensuring a convenient lifestyle for residents.

Auction House Manchester are yet to inspect the property, pictures provided dated Aug 2024.

Tenure

Lease term - 125 years from January 2016
Ground Rent - £700
Service Charge - £1,893.70 pa for Jan 26 - Dec 26

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

In addition to the deposit Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT.

Disbursements

Search Fees: £360 inc VAT.

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* Guide | £45,000+
  • 1 Bedroom
  • Tenure: Lease term - 125 years from January 2016 Ground Rent - £700 Service Charge - £1,893.70 pa for Jan 26 - Dec 26
  • Unconditional (Immediate Exchange)

Call the team on 0161 925 3254 for more information

Floor plan Legal pack Request more info
Manchester Terms & Conditions
Finance available on this property
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Related Documents

Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.