Initial price	£10,000
22/08/24	£8,500
Price Change	-15.00%

This property is a prime investment opportunity generating £5,400 per annum, offering a studio-style accommodation within a well-maintained and professionally managed building. The property is situated in Montgomery House, just 2 miles from Manchester City Centre and 1 mile from the University of Manchester main campus. The location is ideal for students, with eight university and college campuses within a 2-mile radius, as well as excellent transport links. The property is being sold at auction on August 29th, with a guide price of £8,500, plus a 5% buyers premium and VAT. The buyer will be required to pay a 5% deposit and a 5%+VAT buyers premium, and contracts will be exchanged upon the fall of the hammer. The property is being sold on an unconditional basis, with a requirement for full legal completion within 28 days following the auction.