property
For sale by auction - Tuesday 8 September 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Excellent investment opportunity
Substantial gas centrally heated, double fronted traditional property, currently 11 lettable rooms, generating £33,000 pa net
Internal inspection recommended to fully appreciate size and specification
Conveniently situated for Sherwood and access to city centre
EPC Rating: C
Excellent investment opportunity. Substantial gas centrally heated, double fronted, traditional three storey eleven bedroomed property which is currently rented out per room, within easy reach of Sherwood Rise, Sherwood, Nottingham City Centre and all amenities, believed to be generating approximately £37,000 per annum gross rent, (including bills), or £33,000 net. Internal inspection is strongly recommended to fully appreciate the size and specification of this property.
The accommodation briefly comprises:
Each lettable room (9 double rooms and 2 single rooms) has its own wash hand basin, sink and fridge and there are also two bathrooms, five wc
s and two cellars).
On the Ground Floor:
Double Communal Extensive Breakfast Kitchen
Having all individual locked units for each resident.
Dining/Sitting Room
Three Lettable Rooms
On the First Floor:
Four Lettable Rooms
On the Second Floor:
Four Lettable Rooms
Outside
Parking to rear for several vehicles
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
