Town House
Located just off the corner of Nottingham Road and Central Avenue, in an established convenient residential location, and opportunity to acquire a fourth floor Victorian palisaded house having gas centrally heated accommodation with six letting rooms and three toilet, shower or bathroom facilities. Large communal living room and fitted kitchen in addition. The property is convenient for local shops, buses and all facilities.
Currently fully let, the gross reserved rental income is £1,637 per calendar month inclusive of bills producing a gross reserved rent of £19,644 per annum (approximately £17,180 net). The accommodation is furnished and the landlords contents will pass with the sale.
In more detail the property comprises –
Recessed Entrance Porch
Entrance Hall
With central heating radiator, ornamental arch, stairs off to first floor.
Letting Room One
Having bay window, wash hand basin and central heating radiator.
Room Two
Having wash hand basin and central heating radiator.
L-Shaped Kitchen
Having recently refitted units comprising work surfaces, inset twin bowl stainless steel sink, built in electric oven and hob, plumbing for washing machine, fitted wall cupboards, utility area with access off to –
Shower Room
With shower compartment, wash hand basin, low flush wc, ladder style towel rail radiator.
Stairs down to –
Basement
Originally two rooms now utilised as single living room and with central heating radiator.
First Floor Landing
With central heating.
Bathroom
Having panelled bath, separate shower compartment, pedestal wash hand basin, low flush wc, heated towel rail.
Letting Room Three
With wash hand basin and central heating radiator.
Letting Room Four
With wash hand basin and central heating radiator.
Stairs to Second Floor
WC Compartment
With wash hand basin.
Letting Room Five
With wash hand basin and central heating radiator.
Letting Room Six
With wash hand basin and central heating radiator.
Outside
Walled forecourt with bin storage. Enclosed entirely surfaced rear yard with surface gate to rear footpath. Attached brick built boiler house (replacement central heating boiler within the last 12 months).
Tenancy Details
All rooms are let and the income varies from £217 - £300 per month inclusive of bills which are estimated to average approximately £205 per month (council tax, gas, electricity and tv licence).
Vendors Solicitors/Licensed Conveyancers
Nelsons, Pennine House, 8 Stanford Street, Nottingham NG1 7BQ – telephone 0115-958 6262
Tenure
Freehold. Subject to tenancies.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyer’s contract handling fee of £395 (inc VAT) payable on the fall of the hammer.
For Sale By Auction: Thursday 20th May 2010
At Pride Park Stadium, Derby
Commencing at 11.30 am
Excellent INVESTMENT property
Six occupancies producing reserved rent of £19,644 p.a. gross
Fully certificated and HIMO compliant
Assured shorthold occupancies
