Residential Development
An investment opportunity comprising of a row of 5 x two bedroomed town houses along with associated grounds, car parking and block of five garages.
Offered freehold and fully let with a combined rental income of £28,744 per annum.
Each property is of modern, cavity wall build with double glazing and electric heating.
The properties in brief comprise of hall, lounge, kitchen, two bedrooms and bathroom.
Outside are mainly lawned gardens. Each property has a single garage. Number 75E is not let with a garage. The garage is used by the landlord as storage.
Well placed with excellent transport links and only a few minutes walk to Nottingham City Hospital.
Hall, lounge/diner, kitchen, two bedrooms, bathroom.
A rental increase is in place for the rent to increase to £550 per calendar month from 31st October 2023. Hall, lounge/diner, kitchen, two bedrooms, bathroom.
Hall, lounge/diner, kitchen, two bedrooms, bathroom.
Hall, lounge/diner, kitchen, two bedrooms, bathroom.
Hall, lounge/diner, kitchen, two bedrooms, bathroom.
Please be advised that 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.
Please be advised that there is no access available for this property. Prospective buyers, particularly those relying on financing options who may require a survey, are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 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.
