Flat
A well presented one bedroom apartment on the edge of Nottingham City Centre.
The property comprises of a third floor apartment in a handsome, converted building located close to Nottinghams Victoria shopping centre and Lace Market and standing opposite Victoria Park and within close proximity to city centre university campus.
The apartment is very well presented throughout with tasteful decor along with modern kitchen and bathroom.
Allocated Parking which is a huge bonus to have in a city centre location.
Currently let at £550 per calendar month/£6,600 per annum. A gross return of over 13%.
An ideal buy to let which would make a great addition to any rental portfolio.
We have been advised by the vendor that the property is fully furnished and includes a hard wired fire alarm and fire glass installed. The vendor has also advised that they have been charging the tenant the same amount of rent for the past four and a half years and that there is potential for rental increase to £625+ per month. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Having secure intercom and entry door along with lift and stairs to upper floors.
With intercom system.
With low flush w.c. and wash hand basin.
A light and airy room with electric heater and window.
With a modern range of base and wall units, sink unit, work surfaces and window. Vendor has advised the sale includes a fridge-freezer, washing machine and cooker. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
With electric heater, window and door to ensuite.
Having a modern white suite. Wash hand basin and corner shower cubicle. Heated towel rail and part tiled walls.
The apartment has an allocated parking space. This is a great addition to have in and around the city centre and enhances the letting opportunity.
We have been advised by the vendor that the Lease has 166 years remaining. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Subject to tenancy.
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.
