property
For sale by auction - Friday 8 May 2015
At East Midlands Conference Centre, University Park, Nottingham, NG7 2RJ
Commencing at 11.30am
A large three bedroomed maisonette
Currently let at £525 pcm (£6,600 p.a.)
Separate kitchen and two reception rooms
Investment opportunity close to the beach and seafront attractions
EPC Rating: TBC
A large three bedroomed maisonette with potential to create a fourth bedroom or to convert the property into two separate flats (subject to the necessary consents). The accommodation spans across the first and second floors of the building and includes a separate kitchen, dining room and lounge.
The property has recently been refurbished throughout which included a new fitted kitchen and bathroom, new floor coverings and re-wiring.
The property is currently let on an assured shorthold tenancy agreement which commenced on 11th July 2014 and achieves £525 pcm.
Tenure
Leasehold (125 years remaining). 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
