property
DRAFT DETAILS
For sale by auction - Tuesday 3 November 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Traditional three storey investment property
Converted into five letting rooms all with en suite facilities and individual meters
Communal lounge and kitchen
Majority upvc double glazed
Potential income if fully let in the region of £18,000 p.a.
EPC Rating: D
Traditional three storey investment property converted into five letting rooms , each having an en suite. Situated close to the centre of Bulwell and all its amenities. The property benefits from majority upvc double glazing except for the lounge. Viewing strongly advised.
We have been advised by the vendor that if fully let the property would achieve a rental income in the region of £18,000 p.a.
The accommodation comprises:
Entrance Hallway
Bedroom One 13ft 5 x 9ft 1
With upvc double glazed window to front aspect.
En Suite
With low flush wc, wall mounted wash hand basin and shower cubicle.
Communal Lounge 12ft x 9ft 6
Having window to rear aspect.
Kitchen 13ft x 7ft 8
With fitted range of wall mounted and base units, roll edge working surfaces, four ring electric hob with extractor hood over, upvc double glazed window to rear aspect.
On the First Floor:
Landing
Bedroom Two 13ft 1 x 13ft
With upvc double glazed window to rear aspect
En Suite
Having low flush wc, wall mounted wash hand basin, shower cublicle.
Bedroom Three 12ft 1 x 7ft 6
With upvc double glazed window.
En Suite
Having low flush wc, wall mounted wash hand basin, shower cubicle.
On the Second Floor
Bedroom Four 13ft 8 x 13ft 2
Having upvc double glazed window to front aspect.
En Suite
Having low flush wc, wall mounted wash hand basin, shower cublice.
Bedroom Five 12ft x 12ft 8
With upvc double glazed window.
En Suite
Having low flush wc, wall mounted wash hand basin, shower cublice.
Outside
Rear Yard.
Note: All rooms have their own meters.
Tenure
Freehold. Vacant possession on completion.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
