Flat
Two bedroomed second floor self contained flat, with ground floor entrance lobby and secure intercom entry. Benefitting from gas central heating and uPVC double glazing throughout.
Recently let at £695 per calendar month, giving a yield of 18.5% based on the current guide price. Six months rent has been paid upfront from 6th December giving a guaranteed income.
In brief the property comprises entrance into building at ground floor level, stairs to second floor, entrance hallway, open plan lounge/diner and kitchen with storage cupboard housing the boiler. Master bedroom with shower room, second bedroom and bathroom.
The property is situated within Taylors Mill on Crossley Street between its junction’s with Wellington Street and High Street. Public transport links include Ambergate and Langley Mill mainline rail stations together with a network of local bus services serving the surrounding vicinity. Road links include the A610, A38 and A6. Shopping amenities can be found locally within Ripley with an extensive range of shops, bars and restaurants being found in Nottingham. Recreational pursuits can be found locally at the open spaces of Crossley Park and Pit Top.
Monthly ground rent and service charges - £207 per month
Mobile Coverage: O2, EE, Three and Vodafone available
Satellite and Cable TV: BT and Sky available
Broadband: Standard, Superfast and Ultrafast available
Construction: Cavity wall as built
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.
£240
85
£2,248
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers 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 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.
