Flat
This is an excellent investment opportunity, previously rented at £850 per month, yielding an impressive 12.75% based on the current guide price.
This spacious two-bedroom flat is ideally situated and features an entrance hallway that leads to a well-equipped kitchen, complete with an oven, hob, and extractor fan, generous lounge which includes a balcony, two double bedrooms and bathroom fitted with a modern three-piece suite and a shower over the bath.
Additional benefits include ample storage, an entry telecom system, and a brick outbuilding.
Located in Clifton, Nottingham, this apartment is close to various amenities, schools, shopping options, and dining establishments. The area also provides excellent road and transport links for convenient local and long-distance travel, with East Midlands airport being approx. 20 minutes away and also the tram being located within a 5 minute walk.
Construction - Cavity wall
Mobile coverage - O2, EE, Three and Vodafone
Satellite and cable TV - BT, Sky and Virgin
Broadband - Standard, Superfast and Ultrafast
We have been informed by the vendor there are 89 years left remaining on the lease. Also the service charge is £650 for this year and the ground rent £10 per year. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Vacant possession upon completion.
£10
89
£650
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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.
