Detached House
DRAFT DETAILS
For sale by auction - Friday 27 March 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Unique opportunity to acquire a terraced property comprising five/six bedsits
Currently let generating an income of £13,200 per annum
Gas centrally heated and double glazed and refurbished to a high specification
Excellent investment opportunity
EPC Rating: C
Unique opportunity to acquire a fully refurbished, gas centrally heated and double glazed terraced house, comprising five/six bedsits, generating an income of £13,200 per annum on a three year lease, which is available for inspection at the agent
s office. The property is let to a company as a whole rather than on a room by room basis.
The property has been improved to a high specification with fire doors and smoke alarms throughout.
The property is situated within an established residential location, close to Kirkby in Ashfield Town Centre and all its amenities and close to a wide range of major road networks, within easy reach of the M1.
The accommodation comprises five/six bedsits, split over two floors, each with their own sink. Communal areas include a kitchen and bathroom on the ground floor and also a shower room on the first floor.
Tenure
Freehold. Subject to tenancy.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary.
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