Block of Apartments
This block of flats is a great investment, currently bringing in a monthly income of £4,015 converting to a yield of 13% against the current guide.
The property is currently split into four one bedroomed flats and two, two bedroomed flats. Also a further flat to the ground level was previously used but has been out of use for some years. In brief the property comprises of a side entrance to flats 18a and 18c. To the front of the building allows access to flat 18a, 16 and 16a. To the right of the property there is a secure gated courtyard offering ample parking and the entrance to flat 16b and what use to be 16c.
The home is ideally located for amenities and great transport links into the surrounding areas such as Sherwood, Arnold, Mapperley and Nottingham City centre. This property is also a short talk from the City Hospital which also offers the Medi Link bus to the Queens Medical Centre making the home perfect for NHS workers.
Currently let at £550.00 per calendar month. Fitted kitchen/diner, double bedroom and shower room.
Currently let at £825.00 per calendar month. Entrance on ground floor with stairs leading to first floor, bathroom with separate WC, large kitchen/diner/lounge with two double bedrooms.
Currently let at £700.00 per calendar month. Side entrance to hallway, kitchen/lounge, double bedroom and shower room.
Currently let at £720.00 per calendar month. Entrance into porch, bay fronted kitchen/diner, lounge, shower room, two bedrooms one with ensuite.
Currently let at £620.00 per calendar month. Side entrance to shared hallway, kitchen/lounge, double bedroom and shower room.
Currently let at £600 per calendar month. Side entrance to shared hallway, entrance into hallway, Shower room with separate shower, kitchen/lounge and double bedroom.
Construction Material: Standard Brick. Heating: Boiler, mains gas / Electric, room heaters. Broadband Coverage: Standard and Superfast are 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.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas, Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Driveway
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.
