23rd April 2018
Wide range of tenanted properties for sale by auction is just the job
It’s always good when you get to work and find the job is half done for you, and that’s why tenanted properties are always so popular at auctions.
Investor landlords will find plenty to choose from at SDL Auctions Graham Penny’s Nottingham auction on Thursday 3 May at Nottingham Racecourse.
A fine example is the first lot 11 Quarry Avenue in Bulwell, a terraced three bedroomed townhouse in need of some upgrading and modernisation. It is located within easy reach of the centre of Bulwell and is currently let at £6,240 per annum. It has a *guide price of £50,000+.
Similarly, 10 Edgington Terrace in Mapperley is a three bedroomed end of terrace house which is tenanted and let at £6,600 per year. It has a guide price of £99,000+.
Others available in the auction include 518 Woodborough Road in Mapperley, a three storey, four bedroomed semi detached house, in need of improvement, which is currently let at £7,800 per annum and has a guide price of £108,000+.
A slightly larger proposition comes with 104 Radcliffe Road in West Bridgford, a substantial semi detached property that is arranged as five self contained flats. It has a combined rental income of £26,760 per annum and has a guide price of £230,000+.
35 Manvers View in Boughton, Newark, is a three bedroomed terraced property let to a long term tenant at £6,000 per annum, with a guide price of £57,000+.
A two bedroomed terraced cottage let on a regulated tenancy at £4,888 per annum is available at 7 New Row in Woodborough and has a guide price of £97,500+.
However, for those looking for somewhere they can call their own home, 18a Ainsley Road in Aspley is a well presented two bedroomed first floor apartment in a popular location. It has a guide price of £55,000+.
Vejay Pal, senior valuer at SDL Auctions Graham Penny, said: “Our next Nottingham auction has a number of really good examples of tenanted properties, along with our usual great selection of houses and apartments to appeal to all buyers.”
The full catalogue for the next SDL Auctions Graham Penny Nottingham auction at Nottingham Racecourse on Thursday 3 May can be viewed here.