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4 Willow View, Nottingham, Nottinghamshire NG7 3QE

Lot no: 81 Re-entry to a future auction
 

Guide Price £55,000+ 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 29th June 2023

10.00am
Key Features
  • Two Bedroom Apartment
  • Ideal Buy To Let - Estimated Rental Value £750 pcm
  • Convenient Location
  • Lots of Local Amenities
  • Vacant Possession
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Re-entry to a future auction

Flat

Property Description:

A spacious, second floor, two bedroom apartment.

Situated in a highly convenient location with good local amenities along with being close to Nottingham University and Queens Medical Centre. There are also good transport links to the City Centre.

The property would make an ideal buy to let investment with estimated rental value of £750 pcm / £9000 per annum. A return of 16% gross against the guide price.

Offered with vacant possession and viewings highly recommended.

Reception Hallway

With large walk in cupboard.

Lounge / Diner - 5.08m x 3.57m (16ft 7 x 11ft 8)

UPVC double-glazed window.

Kitchen - 4.62m x 2.00m (15ft 1 x 6ft 6)

A range of units with worktops, stainless steel sink, space for appliance, wall-mounted boiler, radiator and a UPVC double-glazed window.

Utility Room - 6.02m x 1.80m (19ft 9 x 5ft 10)

A useful room which could be opening up into the kitchen to provide a large king kitchen, subject to any required permissions.

Bedroom One - 4.18m x 2.53m (13tf 8 x 8ft 3)

With built in wardrobe and UPVC double glazed window.

Bedroom Two - 4.17m x 3.12m (13ft 8 x 10ft 2)

Built in wardrobe and UPVC double glazed window.

Bathroom - 1.99m x 1.70m (6ft 6 x 5ft 6)

With pedestal wash basin, paneled bath with a wall-mounted electric shower fixture, radiator, an extractor fan and part tiled walls.

Outside

Well maintained communal gardens and option for permit parking.

Leasehold Information

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

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£10

Unexpired Years

104

Annual Service Charge

£2,340



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.

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

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 (and any applicable Home Report for residential Scottish properties).


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.