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49 Castle Gardens, Lenton, Nottingham, NG7 1HH

Lot no: 2 Re-entry to a future auction
 

Guide Price £65,000+ 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.

Thursday 30th April 2020

10.30am
Key Features
  • A one bedroomed ground floor studio apartment
  • Communal gardens and allocated parking
  • Situated close to local amenities and walking distance from Nottingham city centre
  • Currently let out with an income of £6,300 per annum
  • EPC Rating: Awaited
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Re-entry to a future auction

Studio flat

Property Description:

The property benefits from separate kitchen and allocated parking and spacious balcony overlooking the lake. The property is situated close to local amenities and walking distance from the city. The apartment is also close to Nottingham University and QMC hospital. We believe the lease is 100 years from January 1984, leaving 64 years remaining. Please see legal pack. The accommodation briefly comprises:

Ground Floor
Lounge/Bedroom
Kitchen
Bathroom
Balcony
Tenure:

Leasehold.


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.