Apartment
This impressive apartment is available to buy with vacant possesion or with tenant in situ, please contact SDL Auctions for further details and viewings are available !!
An investment opportunity located in the extremely and very highly regarded Weekday Cross Building in the heart of Nottinghams Lace Market. This two double bedroomed, two bathroom apartment is simply stunning and has many features only available in a select few apartments in the building.
The property offers an investor a fantastic yield and return and is currently generating a gross income close to £16,000 per annum with the potential to increase to £18,000 per annum equating to a gross yield of between 10-11%.
The apartment itself is currently let short term for £1,250 per calendar month and the parking space is also let for £75 per calendar month.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
£150
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
