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29 Mansfield Court, Mansfield Road, Nottingham NG5 2BW

Lot no: 127 Available for £53,500
 

Guide Price £50,000+ 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 25th April 2024

9.00am
Key Features
  • Ideal location for city centre
  • Nearby fantastic amenities
  • Close to University
  • Currently let achieving £5,940 per annum
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Available for £53,500

Apartment

Property Description:

A great second floor apartment with parking, currently let on an Assured Shorthold Agreement achieving £5,940 per annum making this lot an ideal investment.

The property is conveniently located to the extensive shopping and restaurant amenities of Nottingham city centre.

Forest Recreation Ground is within easy distance offering expansive leisure and sporting opportunities

Nottingham Trent University is also close by.

There are fantastic road links and excellent public transport links.

Additional Information
Parking Arrangements: TBC
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: TBC
Building construction: TBC
Flood Risk: Surface Water low
Broadband availability: Standard and Superfast
Mobile Signal availability: O2, EE, Three and Vodafone
Satellite and Cable TV Availability: BT and Sky

Secure Communal Entrance
Large Lounge
Kitchen
Double Bedroom
Family Bathroom
Private Parking Space
Leasehold Information

150 years from 25 March 2018. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note

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.

Tenure:

Leasehold. Subject to tenancy.

Ground Rent

£100

Annual Service Charge

£1,693



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.