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Block of Apartments
A freehold vacant block of two self-contained one bedroomed maisonettes ideal for investment with an extremely favourable income potential in excess of £15,000 per year making this a superb investment opportunity for a first time or experienced investor.
The building in an extremely popular residential part of Nottingham, offers off road parking and great energy efficiency. This property is a must view and viewings are available, so please call for more information and book to take a look.
Situated in a private small development of two one-bedroom maisonettes constructed in 2015 located in this established residential suburb. Excellent energy efficient property with an EPC B81 rating.
The ground floor maisonette offers approximately 30 square metres of internal space which is electrically heated and double glazed and comprises an open plan living/kitchen area, inner lobby, double bedroom and shower room/wc.
The first floor maisonette offers approximately 35 square metres of internal space and access from its own front entrance door to staircase leading to a first-floor lobby where doors lead to the living/kitchen, double bedroom and shower room/wc.
The property benefits from off-street private parking for each apartment within a private courtyard as well as the use of front and rear gardens shared with the ground floor maisonette.
For investment purposes this property should expect a gross yield of above 10% against the guide price and should be of great interest to property investors
Situated in this established residential suburb, highlighted as an up and coming area for the recent development of the Nottingham Express Tram system, a stop is within walking distance of the building and provides convenient quick access to Beeston town centre, Nottingham University, the Queen's Medical Centre and Nottingham city centre itself.
Comprising -
A fitted kitchen including a range of base units with worksurfaces and inset stainless steel sink unit with single drainer. Built in electric oven and hob. Plumbing and space for washing machine. Electric heater, double glazed window to the front. Door to lobby.
With store area and doors to the bedroom and shower room
With electric heater and double glazed window to the rear.
Incorporating a three piece suite comprising wash hand basin with vanity unit, low flush WC and shower cubicle with electric shower. Double glazed window.
Comprising -
With double glazed front entrance door and stairs leading to the first-floor accommodation
Kitchen area comprising a range of units, worksurfaces and stainless-steel sink unit with single drainer. Built in electric oven and hob. Plumbing and space for washing machine. Electric heater and double-glazed window to the front.
With electric heater and double-glazed window to the<br>rear.
Incorporating a three-piece suite comprising wash hand basin with vanity unit, low flush WC and shower cubicle with electric shower. Double glazed window.
The property is situated on an enclosed corner plot with a hedged-in front garden. There is an enclosed rear courtyard style garden which is shared between the two properties. Adjacent to this, and accessed by a gate, is a large tarmac courtyard that provides private parking for each apartment. A right of access is granted over this to a parking facility and garage owned by the neighbouring property.
Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. 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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
