Semi-detached house
A freehold modern semi-detached house situated in a popular residential location close to the centre of Gedling and within easy reach of a full range of local amenities to include shops and schools. Currently let at £12,467 per annum. Increasing to £12,892 on 1st April 2021.
Vestibule, living room, dining room, breakfast kitchen. Separate utility room accessed via its own external door.
Three bedrooms, bathroom.
Open plan fore-garden with off road parking for two cars and enclosed garden to the rear.
The property is let under an Occupancy Agreement (commenced on 23/08/1999) at a contractual rental of £239.76 per week rising to £247.91 per week with effect from 01 April 2021. The Agreement allows for annual increases (on 1st April) in line with the Retail Prices Index (RPI) plus 2%.
The Auctioneers have not inspected the property. The details have been provided by the seller and all interested parties should rely on their own investigations to verify the information provided.
There will be no internal viewings and interested parties are requested not to contact the occupants direct.
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.
