property
For sale by auction - Tuesday 8 September 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Substantial investment property currently being used as 8 multi-let bedsits (four currently let at £55 per week and four vacant)
Planning permission for conversion into six self-contained flats.
Conveniently situated close to Nottingham City Centre
Internal inspection strongly advised
EPC Rating: F
A substantial investment property, which is currently being used as 8 multi-let bedsits, (four currently let) situated close to Nottingham City Centre and all its amenities. The property has planning consent for six self-contained one bedroomed apartments. Internal inspection is strongly advised.
We are led to believe that four of the eight bedsits are currently occupied at £55 per week.
Planning Details:
Planning permission was granted by Nottingham City Council
on 27th March 2014 under application No: 15/00208/PFUL3 (PP-03940246)
The current accommodation comprises:
On the Basement:
Hallway
Room One 12ft 5 x 7ft 3
Room Two 13ft 1x 12ft 6
Further Storage Rooms
On the Ground Floor:
Entrance Porch
Entrance Hallway
Room Three 13ft 3 x 12ft 10
With double radiator.
Room Four 12ft 1 x 14ft 6
With radiator, window to front aspect.
Room Five 13ft 3 x 12ft 5
Having radiator, window to front aspect.
Kitchen 12ft 4 x 12ft 4
Fitted range of wall mounted and base units, roll edge working surfaces, single drainer sink unit, four ring gas hob, electric oven with extractor hood over, radiator, window to aspect.
On the First Floor:
Landing
Room Six 14ft 11 x 12ft 7
Room Seven 13ft 5 x 12ft 8
Room Eight 12ft 5 x 12ft 11
Bathroom
With three piece suite having panelled bath, pedestal wash hand basin, low flush wc, tiled splashback areas, radiator, obscure upvc double glazed window.
Separate WC
Having low flush wc, pedestal wash hand basin.
On the Second Floor:
Room Nine 13ft 7 x 12ft
Having radiator, pedestal wash hand basin.
Room Ten 16ft 2 x 13ft 9
Having radiator, pedestal wash hand basin.
Room Eleven 12ft 8 x 12ft 6
Having radiator, upvc double glazed window to front aspect
Further Separate Bathroom
With three piece suite comprising panelled bath, pedestal wash hand basin, low flush wc.
Tenure
Freehold. Part let, part vacant.
Directional Notes:
The property is best approached along St Ann
s Road, which provides access to the back of the property.
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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