End of terrace house
DRAFT DETAILS
Grade II listed three storey, three double bedroomed end terraced period property, benefiting from gas central heating and period features throughout, situated in a unique location in the heart of Nottingham centre. The property is currently let to three tenants at a combined rent generating £1100 per calendar month, offering a potential 6% yield. Ideal investment property.
The accommodation briefly comprises of a living room with period fireplace, kitchen diner, three well proportioned double bedrooms, spacious bathroom with roll top bath and separate shower and a further box store room. The rear of the house opens to a shared enclosed courtyard which is accessed between three houses in the terrace.
The accommodation comprises:
13ft 11 x 11ft 5
With window to front, open fire, double radiator.
With stairs to first floor.
13ft 10 x 11ft 5
With fitted and matching range of base and eye level units with worktops, sink, fitted electric oven, four ring gas hob, window to rear, double radiator, door to rear yard, understairs storage.
With radiator, stairs to second floor.
13ft 9 x 11ft 5
With window to front and radiator.
Fitted with three piece suite comprising bath, wash hand basin, low level wc, window to rear and radiator.
13ft 9 x 11ft 5
With two windows to front and radiator.
13ft 8 x 11ft 5
With two windows to rear and radiator.
The rear of the house opens to a shared enclosed courtyard which is accessed between three houses in the terrace.
We understand the property is let to three separate tenants (new rental agreements dated 4 August 2017 for 12 months) at a combined rental of £1100 per calendar month, offering a 6% yield.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
