End of terrace house
DRAFT DETAILS
A three bedroomed, three storey end terraced investment property. Situated within this popular residential location, within easy reach of Nottingham city centre, whilst also offering a wide range of local amenities and good transport nearby. The property benefits from full planning for conversion into a HMO with up to six lettable rooms (see floorplans). We have been informed that plans for extension and loft conversion are to be completed under permitted development. Once converted, this could give a potential income of £2,400pcm gross rental income
Planning permission was granted by Nottingham City Council on 12th January 2018 under planning reference: 17/01268/PFUL3.
In brief, the current accommodation comprises entrance hall, living room, dining room and fitted kitchen on the ground floor. To the first floor there are two double bedrooms and a bathroom and second floor leading to a further bedroom.
The accommodation currently comprises:
With radiator, stairs to first floor landing.
13ft 2 x 11ft
With radiator, upvc double glazed window to front aspect.
12ft 3 x 11ft 5
With radiator, upvc double glazed window to rear aspect.
10ft x 8ft 2
With range of wall mounted and base units, roll edge working surfaces, wall mounted boiler, radiator, plumbing for washing machine, access to cellar, upvc double glazed window to rear aspect, upvc double glazed window to side, door to side.
14ft 9 x 10ft 6
With radiator, upvc double glazed window to front aspect.
11ft 9 x 8ft 8
With radiator, upvc double glazed window to rear aspect.
10ft 1 x 8ft 8
Comprising panelled bath, pedestal wash hand basin, low flush wc, separate shower cubicle, obscure upvc double glazed window.
14ft 9 x 11ft 1
With radiator, upvc double glazed window to front aspect.
Small rear yard leading to garage.
The proposed floorplan shows a suggested scheme. Purchasers are advised to carry out their own due diligence on the viability of the scheme.
Freehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
