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83a Princes Street, Eastwood, Nottingham, NG16 3AT

Lot no: 25 Re-entry to a future auction
 

Guide Price £180,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Tuesday 26th June 2018

11.30am
Key Features
  • End of terraced property recently converted into four one bedroomed self-contained flats
  • Electric heating and double glazing
  • Developed to a high standard
  • Gated courtyard providing private parking
  • EPC Rating: E
  • Consistently popular area of Eastwood
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Re-entry to a future auction

Block of Apartments

Property Description:

DRAFT DETAILS
The property has been developed to a high standard with all essential planning permission and building control regulations. Each flat consists of open plan living/kitchen areas, one double bedroom and a shower room, along with access to a gated courtyard providing private parking.

We understand the current developers have also had plans drawn for a block of two apartments to be built to the rear of the property if the next owners wish to obtain planning permission and develop the site further.

The auctioneers have not inspected the property but believe it to comprise:

Flat One

This ground floor flat is the biggest of the four offering a separate lounge/reception room, breakfast kitchen fully fitted with feature bay window to the front, double bedroom and a fitted shower room.

Flat Two

Flat two is on the first floor offering an open plan living kitchen, double bedroom and separate shower room.

Flat Three

Flat three is on the first floor with an open plan living kitchen, one double bedroom and a separate shower room.

Flat Four

With its own access flat four is a ground floor apartment with an open plan lounge diner, one double bedroom and a separate shower room.

Additional Information

We understand this property has been converted to full building regulations and planning control, the separate units are all heated with electric wall mounted heaters, communal hallways have safety lighting and meters are located in the communal hallway.

Tenure:

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.