property
Draft Details
A large three storey mid terrace property
Split into 6 flats (5 let)
Superb investment opportunity
Currently producing approx. £17,000 p.a gross with scope to increase
Being sold on behalf of joint LPA Receivers.
A large, three storey mid terrace property comprising 6 flats and would benefit from a scheme of renovation and improvement.
Saxby Street is situated in a convenient location, less than a mile from the British Rail Train Station.
Highfields is well served by local amenities and is close to the City Centre and the professional quarter of the City.
The auctioneers have not inspected the property but believe it to comprise:
Ground Floor
Flat 1 - 1 bed
Flat 2 - 1 bed
First Floor
Flat 3 - 1 bed
Flat 4 - 1 bed
Second Floor
Flat 5 - 2 bed
Third Floor
Flat 6 - split into 2 letting rooms.
We have been informed that 5 of the 6 flats are let and the property achieves approximately £17,000 p.a. gross from 4 tenants. We have not had the opportunity to verify the tenancy information.
Tenure
Freehold. Subject to tenancies.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £495 (inc VAT) payable on the fall of the hammer.
For Sale By Auction - Tuesday 11th December 2012
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
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