property
Draft Details
Popular residential location
Investment property with four letting rooms
Currently producing £8688 p.a. gross with scope to increase
Being sold on behalf of Joint LPA Receivers
The auctioneers have not inspected the property but believe it to comprise:
A mid terraced property with side entrance, situated on Cedar Road, which is in walking distance of Evington Road, London Road and Leicester University. The property has previously been let with 4 letting rooms, shared kitchen and bathroom.
We have been informed that 3 rooms are currently producing a rent of £8,688 p.a. gross although we have not had the opportunity to verify the tenancy information.
Tenure
Freehold. Sold subject to any tenancies which may exist.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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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