Semi-detached house
DRAFT DETAILS
Excellent investment opportunity to acquire a period property which has three self contained studio apartments, currently requiring planning permission/building regulations for this use. The property is located on Mansfield Road with easy access to Nottingham city centre and Sherwood which has a wide range of amenities. We are led to believe the front of the property is Grade II listed and internal inspection is strongly advised to fully appreciate this recently refurbished and modernised living accommodation, with all apartments having modern fitted kitchens, contemporary shower rooms x 2 and a contemporary bathroom to the ground floor apartment with three piece suite. We believe from the vendor that the apartments did have previous planning permission. Potential rental income circa £18,600 per annum.
The auctioneers have not had the opportunity to inspect the property but believe it to comprise:
Approached by a side entrance door, stairs to first and second floors.
With bay window to front, wood flooring, wall mounted fire surround, radiator.
With walk in bay window to side elevation, wood flooring, fire surround.
With one and a half bowl sink with single drainer and cupboard under, matching base units, window to rear, central heating boiler.
Walk in shower having shower unit, pedestal wash hand basin, door leading to separate wc.
With two windows
Modern fitted kitchen having a range of matching wall and base units, roll edge working surfaces, single drainer sink unit, built in electric fan assisted oven with inset for gas hob and extractor over, obscure single glazed window to rear.
With panelled bath, low flush wc, vanity wash hand basin with cupboard under, built in storage cupboard, heated towel rail, obscure single glazed window.
With window.
Fitted kitchen with modern range of matching wall and base u nits, roll edge working surfaces, single drainer sink unit, built in electric fan assisted oven with inset for gas hob and extractor over, obscure single glazed window to rear.
With built in shower cubicle with shower unit over, low flush wc, pedestal wash hand basin, heated towel rail, ceramic tiling to walls.
Freehold. Vacant possession upon completion.
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.
