property
DRAFT DETAILS
For sale by auction - Thursday 5 May 2016
At The Nottingham Belfry Hotel, Nottingham NG8 6PY
Commencing at 11.30am
House of multiple occupancy containing six lettable rooms
Projected gross rental of £26,520 per annum
Renovated and refurbished, gas central heating and double glazing
Shared modern kitchen diner and three shower rooms
Convenient location for town centre, Nottingham and Derby
Ideal investment opportunity
EPC Rating: D
House of multiple occupation consisting of six lettable rooms and three shared shower rooms, situated in this popular location of Ilkeston, with easy access to the town centre. Cotmanhay Road has excellent links to both Nottingham and Derby, with bus stops within 50 yards of the site. There is also unrestricted parking on the road. Ideal investment opportunity.
The property benefits from gas central heating and double glazing. There is a modern communal kitchen diner with integrated oven and hob, fridge freezer, washing machine and a range of base and eye level units with complimentary work surfaces over. There is also a basement which is a useful extra space to develop as storage, etc. The projected rental is £85 per bedsit per week, giving a potential gross rent of £26,520. There is also potential to convert a seventh room, subject to planning. The property has been recently renovated and refurbished.
Kitchen:
Example of lettable room:
Tenure
Freehold. Part let, part vacant.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
