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Apartment M1, Nottingham One Entrance B, Canal Street, Nottingham NG1 7HW

Lot no: 56 Sold at Auction for £133,000
 

Guide Price £120,000+ 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 24th November 2022

10.00am
Key Features
  • Two double bedrooms
  • Good sized balcony
  • Secure underground parking
  • EPC Rating: B
  • Council Tax Band: C
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Sold at Auction for £133,000
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Apartment

Property Description:

A beautifully presented two doubled bedroomed apartment with stunning canal views located on the first floor in the popular development of Nottingham One. This well presented apartment briefly comprises of an entrance hallway leading into an open plan living/dining and kitchen space which has integrated appliances. The open plan living space leads to a good sized balcony with enough space for tables and chairs with a lovely, peaceful canal view. A well presented bathroom and two double bedrooms.The development also offers secure underground parking.

Sold with vacant possession, however, previously let at £1,200 per calendar month and £50 per calendar month for parking space. Previous total income of £15,000 per annum.

The vendor has advised that the property is in very good condition apart from one window in the lounge, which has a crack. This defect is only aesthetic and does not compromise the safety of the window.

Note:

Length of lease: 125 years from 1 April 2009 Current ground rent: Approximately £470 per annum Ground rent review period: April 2019 and every 10 years thereafter Current service charge: Approximately £2,500 per annum Service charge review period: TBC This information should be clarified in the legal pack and we’ll update the information above when we receive it.

PLEASE NOTE:

CASH PURCHASERS ONLY. Building is currently awaiting ESW1 certificate, cladding works are due to commence in January 2023. Cladding works will be fully funded by the government's Building Safety Fund. Please see legal pack for more information.

Tenure:

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 (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

Guide Price & Reserve Price

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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