Apartment
Excellent investment opportunity, currently let at £950 per calendar month.
Property is expected be vacant on completion.
This two-bedroom, two-bathroom apartment is situated in the centre of Nottingham on George Street. This modern property features a spacious open-plan kitchen and living area, which is filled with natural light from large windows, creating a bright and airy environment. It includes two double bedrooms, a family bathroom, and an en-suite bathroom attached to the master bedroom.
Additionally, the apartment benefits from a secure parking space via the underground car park accessed via an electronic password protected gate.
With the city's business district nearby, this apartment is perfectly suited for professionals looking for a short and easy commute, along with a variety of nearby amenities and outstanding transport links, ensuring easy access to numerous shops, restaurants, and entertainment options.
The lease is for a term of 999 years from 2001. The seller has informed us the ground rent is £62.50 per half-year and the service charge is £1,411.09 per half-year. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
The Property is sold subject to the existing tenancy agreement albeit we understand a notice has been served and the Seller understands that the Tenant is due to vacate on 10th December 2025 albeit no warranty can be given in respect of this and the Property is sold subject to the tenancy until such time as the Tenant vacates.
Leasehold. See legal pack.
£125
974
£2,822
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Allocated
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.
