property
Guide Price: £180,000+
For sale by auction - Thursday 15th May 2014
At East Midlands Conference Centre, Nottingham, NG7 2RJ
Commencing at 11.30am
Four brand new self-contained two bedroomed apartments
Projected rental income circa £19,200 per annum
Gas centrally heated and upvc double glazed
Car parking space per apartment
Ideal investment opportunity
EPC Rating: C & C & C & C
Superb opportunity to acquire a brand new residential development comprising four separate self-contained two bedroomed apartments, benefitting from gas central heating, upvc double glazing and parking. The property is currently in the final stage of completion. There is also a full building warranty by Seguro, building regulations and sound testing on completion and an added benefit is that the buyer can start marketing for rental in between exchange of contracts and completion period.
Ideal investment opportunity. Viewing highly recommended.
The projected rental income for each apartment is circa £400 per calendar month, giving an overall annual rental income of approximately £19,200.
The accommodation in each apartment briefly comprises:
GROUND FLOOR APARTMENT 1A:
Entrance Hallway
Half obscure hardwood double glazed door to the communal small hallway leading to apartments/first floor.
Lounge/Kitchen 16ft 8 x 10ft
With fitted range of white units and drawers, four ring electric hob, electric oven with extractor hood over, wall mounted combination boiler, stainless steel sink with mixer taps over, tiled splashback areas, upvc patio doors to rear aspect, radiator.
Shower Room
Having shower cubicle with chrome shower unit over, double radiator, low flush wc, pedestal wash hand basin, obscure upvc double glazed window
Bedroom One 11ft 3 x 5ft 8
With radiator, upvc double glazed window to rear aspect.
Bedroom Two 8ft 2 x 7ft 6
With radiator, upvc double glazed window to front aspect.
GROUND FLOOR APARTMENT 1B:
Entrance Hallway
Lounge/Kitchen 17ft 2 x 10ft 1
With fitted range of white units and drawers, four ring electric hob, electric oven with extractor hood over, wall mounted combination boiler, stainless steel sink with mixer taps over, tiled splashback areas, upvc patio doors to rear aspect, radiator.
Shower Room
Having shower cubicle with chrome shower unit over, double radiator, low flush wc, pedestal wash hand basin, obscure upvc double glazed window.
Bedroom One 8ft 4 x 7ft 8
With radiator, upvc double glazed window to front aspect.
Bedroom Two 11ft 6 x 5ft 9
With radiator, upvc double glazed window to rear aspect.
FIRST FLOOR APARTMENT 1C:
Lounge/Kitchen 16ft 6 x 9ft 2
With fitted range of white units and drawers, four ring electric hob, electric oven with extractor hood over, wall mounted combination boiler, stainless steel sink with mixer taps over, tiled splashback areas, upvc double glazed window to front aspect, radiator.
Shower Room
Having shower cubicle with chrome shower unit over, double radiator, low flush wc, pedestal wash hand basin, obscure upvc double glazed window
Bedroom One 12ft 8 x 4ft 7 increasing to 6ft 7
With radiator, upvc double glazed window to front aspect.
Bedroom Two 10ft 1 x 8ft 7
With radiator, upvc double glazed window to rear aspect.
FIRST FLOOR APARTMENT 1D:
Lounge/Kitchen 16ft 6 x 9ft 3
With fitted range of white units and drawers, four ring electric hob, electric oven with extractor hood over, wall mounted combination boiler, stainless steel sink with mixer taps over, tiled splashback areas, upvc double glazed window to front aspect, radiator.
Shower Room
Having shower cubicle with chrome shower unit over, double radiator, low flush wc, pedestal wash hand basin, obscure upvc double glazed window
Bedroom One 12ft 7 x 4ft 5 increasing to 6ft 7
With radiator, upvc double glazed window to front aspect.
Bedroom Two 10ft 2 x 8ft 6
With radiator, upvc double glazed window to rear aspect.
Outside
Small gravelled rear communal garden area.
Car Parking Space per apartment
Tenure
Freehold. Vacant possession on completion.
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 deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on the fall of the hammer.
