Town House
Zulla Road lies behind Mansfield Road in the Mapperley Park district of the City, and can be reached off either Ebers Road or Magdala Road. It is in close proximity to a good range of local facilities and within easy access of the City centre.
The property is a three storied Victorian semi detached house, plus cellar, and has a long established investment use, being divided into six self-contained flats. There may be opportunity to convert the basement area into a further letting unit (subject to consent).
At the time of publication of these particulars, all flats were let, at a combined reserved rent of £25,548 per annum. The property is fully compliant with HIMO regulations and is licensed as such.
In more detail the accommodation comprises -
Enclosed Entrance Lobby
Communal Entrance Hall
With stairs off to first and second floors.
Flat One
Having living room with kitchen area, modern fittings including built-in oven and hob, separate bedroom, shower room, access to cellar.
Flat Two
Having living room with modern fitted kitchen, fitted oven and hob, separate bedroom, bathroom with shower fitting over bath.
First Floor -
Flat Three
Having living room with modern kitchen area, fitted oven and hob, separate bedroom, bathroom with shower over bath.
Flat Four
Having spacious living room, separate kitchen with modern fittings including oven and hob, separate bedroom, bathroom with shower over bath.
Second floor -
Flat Five
Having living room with kitchen area, modern fittings including oven and hob, separate bedroom, bathroom.
Flat Six
Having spacious living room, separate kitchen with modern fittings including built in oven and hob, two bedrooms, bathroom with shower over bath.
Outside
Mainly surfaced front garden with bin recess. Small rear garden with pedestrian rear access off Shirley Road. Two brick storeplaces.
Tenancy Details
All six flats are let on assured shorthold agreements and the current rent schedule is -
Flat One - £295 pcm
Flat Two - £395 pcm
Flat Three - £295 pcm (currently paying £260)
Flat Four - £395 pcm
Flat Five - £295 pcm
Flat Six - £450 pcm
Gross reserved rent £25,548 p.a. Current rent received £25,128 p.a.
Directions
From Nottingham City centre leave along the Mansfield Road (A60), continuing straight ahead at the junction with Gregory Boulevard. Shortly thereafter proceed straight ahead through the traffic light junction with Hucknall Road on the left and take the next turning on the right into Ebers Road. Zulla Road is the first turning on the right and the property will be found on the left hand side just before Shirley Road.
Vendors Solicitors/Licensed Conveyancers
Robotham & Co, 3 St. Mary's Gate, Derby - telephone 01332-346018 (reference TCR)
Tenure
Freehold. Subject to tenancies.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a contract documentation charge of £350 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 15th October 2009
At Pride Park Stadium, Derby
Commencing at 11.30am
SUPERB RESIDENTIAL INVESTMENT PROPERTY
Six self contained flats – 5 x 1 bed; 1 x 2 bed
Good residential location and fully let
HIMO regulation compliant
