property
For sale by auction - Tuesday 8 September 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Unique opportunity to acquire traditional detached property and derelict cottage to rear
Main residence converted into four flats generating £15,600 pa
Planning permission for change of use to a residential dwelling has been granted for the derelict cottage to rear
Extensive plot of approximately 0.25 acre
EPC Rating: TBC
Unique opportunity to acquire a traditional detached property (5 Station Road) and a derelict cottage/dwelling to rear. (5a Station Road).
The main property (5 Station Road) has been converted into four self-contained flats, generating £1300 per month or £15,600 per annum.
There is also a separate cottage/dwelling to the rear which is currently in a derelict condition and requires major upgrading and improvement. Planning permission for change of use (Gedling Borough Council Planning No. 2014/0992) for conversion to a residential dwelling. Proposed plans for a four bedroomed detached property are available on request from the auctioneers.
The properties are situated on an extensive plot of approximately 0.25 acre. The main residence has a driveway and parking for several vehicles. There are extensive front gardens and also gardens to the rear of the separate dwelling.
The accommodation comprises:
5 STATION ROAD:
On the Ground Floor:
Entrance Porch
Entrance Hallway
Ground Floor Self Contained Flat 3:
Lounge 13ft 10 x 17ft 8
With window to front aspect.
Inner Hallway
Kitchen 9ft 9 x 7ft 9
With fitted range of wall mounted and base units, roll edge working surfaces, single drainer sink unit, obscure glazed window.
Bathroom
With three piece suite comprising panelled bath, pedestal wash hand basin, low flush wc.
Bedroom 14ft 4 x 10ft 2
Having window to rear aspect.
Ground Floor Self Contained Flat 4:
(access has not been gained at the present time but we believe this is also a one bedroomed apartment).
On the First Floor:
Flat 1:
Entrance Hallway
Lounge 13ft 5 x 10ft
With gas fire, window to rear aspect.
Bedroom One 14ft x 9ft 7
Having window to side, gas fire.
Bedroom Two 9ft x 7ft 6
With window to side aspect.
Kitchen 11ft 2 x 9ft
With fitted range of wall mounted and base units, single drainer sink unit, window to side.
Bathroom
With three piece suite comprising panelled bath, pedestal wash hand basin, low flush wc, obscure glazed window.
Flat 2:
Entrance Hallway
Lounge 14ft 4 x 14ft 2
With gas fire, window to front aspect.
Breakfast Kitchen 14ft 1 x 10ft 10
Having a range of wall mounted and base units, single drainer sink unit, space for cooker, window to front aspect.
Bedroom 14ft 6 x 9ft 9
With window to rear aspect.
Bathroom
With three piece suite comprising panelled bath, pedestal wash hand basin, low flush wc, obscure glazed window.
Outside
Extensive gardens to front, long driveway and parking for several vehicles.
THE COTTAGE, 5A STATION ROAD (SEPARATE DERELICT DWELLING/COTTAGE NEXT TO MAIN RESIDENCE)
Derelict Cottage:
The accommodation currently comprises:
On the Ground Floor:
Room One 17ft 5 x 10ft 1
Room Two 10ft x 6ft 8
Downstairs Potential Bathroom
On the First Floor:
Room Three 21ft 8 x 6ft 10
Outside
Extensive plot to rear, mainly lawned.
Tenure
5 Station Road: Freehold. Subject to tenancy.
5a Station Road: Freehold. Vacant possession on completion.
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 + or - 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.
