Detached House
DRAFT DETAILS
For sale by auction - Friday 10 July 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Excellent investment property
Five lettable rooms, four currently let generating £1080 pcm
Close to local amenities and easy access to City Centre
EPC Rating: G
This mid terrace property is offered to the market with sitting tenants and ideally suits long term investment. Property features four bedrooms, (five lettable rooms in total) and viewing
s are recommended. There are four rooms currently let, generating £1080 per calendar month. (£12,960 per annum) When fully let, the property would generate circa £1370 per month (£16,440 per annum).
Hallway
Entrance door and tiled floor.
Reception Room 11ft 11 x 11ft 3 (3.63 x 3.43m)
Window and radiator.
Kitchen Diner 11ft 11 x 11ft 2 (3.63 x 3.40m)
Wall and base units, stainless steel sink with drainer and mixer tap, gas cooker, tiled floor, tiled splash backs, window and door to the rear lobby.
Rear Lobby
Door to the side.
Downstairs WC
Low level WC.
First Floor Landing
Window.
Bathroom
Low level WC, wash hand basin, bath with electric shower, window, tiled walls and vinyl floor.
Bedroom One 12ft 1 x 8ft 6 (3.68 x 2.59m)
Window and radiator.
Bedroom Two 14ft 7 x 11ft 11 (4.45 x 3.63m)
Bay window and radiator.
Second Floor Landing
Window and access to the loft.
Bedroom Three 14ft 8 x 11ft 11 (4.47 x 3.63m)
Double glazed windows and radiator.
Bedroom Four 17ft 2 x 11ft 2 (5.23 x 3.40m)
Window.
Outside
To the rear of the property there is a yard.
Tenure
Freehold. Part let; part vacant.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers 0115 958 8702.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary.
