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Apartment 501, The Litmus Building, 195 Huntingdon Street, Nottingham NG1 3NX

Lot no: 8 Sold at Auction for £137,500
 

Guide Price £115,000+ 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
  • Two bedrooms
  • City centre location
  • Close proximity to amenities
  • EPC Rating: C
  • Council Tax Band: C
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Sold at Auction for £137,500
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Property Description:

This two bedroomed fifth floor apartment is within an award winning and popular development in the heart of Nottingham city centre. The area benefits from all the amenities and leisure facilities of city centre living and is particularly popular with young professionals and students. Local attractions include the Ice Arena as well as Trent University – both within close proximity. Internally, the property offers spacious and well apportioned accommodation and makes a good investment opportunity.

Please note:

There is no EWS1 form available for the property, making it only suitable for cash buyers.

Draft Sales Details

These sales details are awaiting vendor approval.

Buyers Fee:

The buyers fee on this lot will be 1% plus VAT of the sale price.

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.


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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