Block of Apartments
DRAFT DETAILS
A substantial semi detached property currently arranged as four self contained flats plus one room and separate shower room. Situated within the popular suburb of West Bridgford, a short walk from local amenities and transport links into Nottingham city centre.
The property is currently vacant but when fully let could produce a combined rental income of £27,900 per annum at the following rates.
Flat One - £500pcm
Flat Two - £525pcm
Flat Three - £425pcm
Flat Four - £525pcm
Room Five - £350pcm
Planning permission has been approved by Rushcliffe Borough Council on 5th June 2019 for the increase from 4 self contained flats to 5, to include internal reconfiguration, two storey front extension, two storey rear and single storey side/rear extension and loft conversion with front & rear dormers. Reference number: 18/01941/FUL.
The accommodation comprises:
Single glazed front door, Upvc window to side elevation, cupboards housing five separate electric meters (one for each flat). Door to entrance hall.
Doors to Room Five and separate shower room, Flat One, Flat Two, cellar and stairs to first floor.
Upvc bay window to the front elevation, wall mounted electric heater. Fitted kitchen comprising of wall and base units, stainless steal sink and drainer, integrated oven with electric hob and cooker hood.
Upvc window to the front elevation, shower cubical, low level Wc and wash hand basin.
Door into:
Upvc windows to the side elevation, door into kitchen.
Fitted kitchen comprising of wall and base units, stainless steal sink and drainer, integrated oven with electric hob and cooker hood. Splash back tiling and wall mounted electric heater. Door leading to bedroom.
Upvc windows to the rear elevation, wall mounted electric heater. Door leading into shower room.
Low level Wc, wash hand basin, shower cubical.
Door into:
Fitted kitchen comprising of wall and base units, stainless steel sink and drainer, integrated oven with electric hob and cooker hood. Splash back tiling. Wall mounted electric heater. Door leading to shower room and bedroom.
Low level Wc, wash hand basin, shower cubical.
Upvc windows and french doors to the rear elevation. Wall mounted electric heater.
Stairs leading from ground floor. Doors leading to Flat Three and Flat Four.
Door into:
Fitted kitchen comprising of wall and base units, stainless steel sink and drainer, integrated oven with electric hob and cooker hood. Splash back tiling. Wall mounted electric heater. Door leading to shower room and bedroom.
Upvc window to the front elevation. Wall mounted electric heater.
Upvc window to the front elevation. Low level Wc, wash hand basin, shower cubical.
Door into:
Upvc window to the rear elevation. Wall mounted electric heater. Doors to shower room and kitchen.
Low level Wc, wash hand basin, shower cubical.
Fitted kitchen comprising of wall and base units, stainless steel sink and drainer, integrated oven with electric hob and cooker hood. Splash back tiling. Wall mounted electric heater. Door leading to bedroom two.
Upvc window to rear elevation. Wall mounted electric heater.
Freehold.
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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