Apartment
A first floor studio apartment situated in a superb location close to the Queens Medical Centre and a wide range of local amenities including Castle Marina retail park and within easy reach of Nottingham University. The property is in reasonable condition throughout and benefits from a single garage and balcony area. The development also has access to the delightful landscaped communal gardens and lake. Internally there is a fitted kitchen and bathroom with three piece suite. Excellent investment opportunity with a potential rental income in the region of £5100 per annum. Viewing strongly advised.
The accommodation comprises:
18ft 2 x 9ft 6 reducing to 5ft 3
Kitchen area having fitted range of wall mounted and base units, roll edge working surfaces, single drainer sink unit, tiled splashback areas, window to front aspect.
Lounge/bedroom area having laminate wood flooring, double glazed patio doors overlooking balcony
10ft 3 x 5ft 1
Comprising panelled with electric shower unit and attachment over, vanity wash hand basin with twin cupboard under.
Communal residents parking and single garage allocated to the property. The development has access to the delightful landscaped communal gardens and lake.
17ft 3 x 7ft 1
With up and over door with light.
We believe the Ground Rent: £200 is per annum and the service charges are £980 per annum.
Lease Information: We believe that there are 64 years remaining on the lease.
Leasehold. 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.
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