property
For sale by auction - Tuesday 22 March 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Two double bedroomed period terraced property
Gas central heating and double glazing
Requiring upgrading and improvement internally
Previously let generating £6300 per annum
Conveniently situated for access to Nottingham city centre
Ideal investment opportunity
EPC Rating: D
Two double bedroomed period terraced property benefiting from gas central heating and upvc double glazing but requiring upgrading and improvement internally. The property is situated within easy reach of the City of Nottingham and close to a wide range of amenities and has been previously let at £525 per calendar month, generating an annual rent of £6300 per annum. Ideal investment opportunity.
The accommodation comprises:
On the Ground Floor:
Lounge 13ft x 11ft 4
With radiator, upvc double glazed window to front aspect. Upvc door.
Sitting Room 11ft 10 x 10ft 1
Having radiator, upvc double glazed window to rear aspect.
Kitchen 16ft 9 x 6ft 8
With range of base units, single drainer sink unit, roll edge working surfaces, radiator, door to side, wall mounted boiler, upvc double glazed window to rear aspect.
On the First Floor:
Landing
With radiator.
Bedroom One 11ft 8 x 11ft 3
Having radiator, two upvc double glazed windows to front aspect.
Bedroom Two 11ft 10 x 8ft 2
With radiator, upvc double glazed window to rear aspect.
Bathroom 9ft 2 x 6ft 8
Having panelled bath with shower unit and attachment, pedestal wash hand basin, low flush wc, radiator, obscure upvc double glazed window.
Outside
There is a small rear yard.
Tenure
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
