Apartment
A clean, ready to move into one bedroomed apartment in the very well regarded West Bridgford area.
Comprising of entrance hallway, double bedroom, large living/dining room, shower room and kitchen. There is also the bonus of a balcony accessed from the lounge or bedroom.
Representing fantastic value with a possible rental income of £650-£700 per calendar month. Similar apartments have sold subject to contract for in excess of £100,000, according to Rightmove data.
Unallocated parking. Please see legal pack for further information.
Term : 189 years from 24 June 1975. We are advised by the seller that the current service charge year ended 31 December 2023 - £1,814.11 plus Reserve Fund £1,375 charge for the year. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Thought suitable as a Buy-to-Let investment opportunity subject to any restrictions contained within the lease. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Leasehold. 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 (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.
