Apartment
A fantastic modern city centre apartment ideal for a buy to let investor. Potential to command in the region of £12,000 per annum in rental revenue and extremely popular with overseas students. This property which is in exceptional condition is located within Nottingham City centre.
Offering an extremely handsome potential return of 15% against the guide price this property is an ideal investment for any savvy investor.
A stunning one bedroom apartment situated on the fifth floor of the popular Nottingham One building, located along the canal and just a short stroll to the city centre and train station.
Briefly comprising a spacious hallway leading through to a light and airy open plan living, dining, kitchen area, with floor to ceilings windows, a double bedroom and a bathroom with 3 piece bathroom suite.
Benefiting from an outside space from the bedroom or living room and a concierge service.
Construction Material: System Built (taken from EPC). Heating: Community scheme (taken from EPC). Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
No Parking Available
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
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