property
DRAFT DETAILS
For sale by auction - Thursday 11 February 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Well presented first floor one bedroomed apartment
Double glazed and in good order throughout
Ideal first time buyer or investment purchase with 6 week completion if required
Projected rental income if let circa £5400 per annum
EPC Rating: F
Well presented one bedroomed first floor apartment, situated in good order throughout and benefiting from upvc double glazing. Ideal first time buyer purchase or investment opportunity. Offered with vacant possession but having been recently let. Projected rental approximately £5400 per annum. The New Alexander Court is just minutes away from Nottingham City Centre. Viewing highly recommended. Offered with a 6 week completion if required.
The accommodation comprises:
Communal Hallway
Staircase or lift to first floor
Leading to Apartment 26 which comprises:
Entrance Hallway
Open Plan Lounge/Kitchen 14ft 4 x 11ft 3
(Part carpeted and part tiled)
Lounge Area
With feature electric fireplace.
Kitchen Area
Having a range of wall mounted and base units, roll edge working surfaces, single drainer sink unit, plumbing for washing machine, four ring electric hob and oven with extractor hood over, upvc double glazed window to rear aspect.
Separate Shower Room
With enclosed shower cubicle and shower unit and attachment, fully tiled walls, pedestal wash hand basin, low flush wc, upvc double glazed window.
Bedroom One 11ft x 8ft 6
Having upvc double glazed window to rear aspect.
Outside
Allocated residents parking for one car, being enclosed with electric gates.
Tenure
Leasehold. Vacant possession on completion.
Lease Details: 999 year lease from 2005.
Ground Rent £150 per annum
Service Charge: (approximate 6 monthly: £623.64).
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
