property
DRAFT DETAILS
For sale by auction - Friday 10 July 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Well presented one bedroomed second floor flat
Currently let at £525 per calendar month (£6300 per annum)
Situated in the Nottingham Castle gardens area with delightful views over lake to rear
Ideal investment opportunity
EPC Rating: C
Well presented one bedroomed second floor flat with delightful views overlooking the lake within the Nottingham Castle gardens area and conveniently located within easy reach of Nottingham City Centre and all its amenities. We believe the property is currently let until October 2015 at £525 per calender month (£6300 per annum). Ideal investment opportunity.
The property is sold furnished with carpets and curtains.
The accommodation comprises:
Entrance Hallway
With electric radiator.
Lounge/Kitchen 18ft 1 x 13ft 2 reducing to 11ft 7
Having a range of wall mounted and base units with roll edge working surfaces, four ring electric hob, oven, single drainer sink unit. Two electric storage heaters. Single drainer sink unit with tiled splashback areas, washing machine and fridge also included. Double glazed patio doors leading to balcony overlooking the lake and communal garden areas.
Bedroom 8ft 11 x 8ft 4
With built in wardrobes, electric radiator, two double glazed windows to rear aspect.
Bathroom
With three piece suite having panelled bath with electric shower over, pedestal wash hand basin, low flush wc, airing cupboard, fully tiled walls, extractor fan.
Outside
There is off-street residents parking, communal gardens and lake to the rear of the property.
Tenure
Leasehold. Subject to tenancy.
Notes: We believe the service charge is circa £880.00 per annum. The Ground Rent is £25.00 per annum and the lease has a term of 68 years remaining.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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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