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1A Hanley Avenue, Bramcote, Nottingham, Nottinghamshire NG9 3HE

Lot no: 5 Sold at Auction for £78,000
 

Guide Price £68,000+ 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.

Tuesday 20th December 2022

10.00am
Key Features
  • First floor maisonette
  • Two bedrooms
  • Private garden
  • In need of modernisation
  • EPC Rating: C
  • Council Tax Band: A
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Sold at Auction for £78,000

Flat

Property Description:

A spacious two bedroom maisonette situated on the first floor if this purpose built building in desirable location.

The property offers excellent room sizes throughout and although would benefit from modernisation it has gas central heating WH Worcester combi boiler and UPVC double glazing.

Well placed for local amenities including Doctors surgery, schools and excellent transport links.

An ideal buy to let with estimated rental value of £600 per calendar month/£7,200 per annum after modernisation(based on comparable evidence).

Low service charge per annum.

Length of lease: For a term of 125 years from 25 July 1988. Years remaining 91.
Current ground rent: £10 pa
Current service charge: £267.80 pa. Please note Notice of Intention to carry out works within the legal pack which will result in an increase in service charge.
Ground rent and service charge review period: Please see legal pack.

Ground Floor Hallway

With stairs to first floor and large store cupboard.

First Floor Landing

WIth window to side aspect and door to all rooms.

Lounge 4.50m x 3.30m

With radiator and window to front aspect.

Kitchen 3.30m x 2.50m

With base and wall units, sink, work surfaces, walk in pantry housing the Worcester combi boiler and window to front aspect.

Bedroom One 4.00m x 3.30m

With radiator, fireplace and window to rear aspect.

Bedroom Two 4.40m x 3.00m

With built in cupboard, radiator and window to rear.

Shower Room

With low flush w.c. wash hand basin and shower area with electric shower over. Window to side aspect.

Outside

The property benefits from its own private garden to the rear which is fully enclosed.

Note:

These sales details are awaiting vendor approval.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£10

Annual Service Charge

£268



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.