Town House
A spacious Victorian end town house, well suited to investment purposes with student demand, for which it has been occupied for many years. The current assured shorthold agreement is at a concessionary rent of £650 per month and expires on 31st August 2011. It is considered that there is scope to increase the rental return beyond the present £7,800 per annum.
The house is located in an established, popular and quiet residential area, close to good local facilities and within easy commuting distance of Nottingham University, Queens Medical centre, and Nottingham City.
In more detail the accommodation comprises
Recessed Entrance Porch
Entrance Hall
With stairs off to first floor.
Lounge 15'10" into bay x 11'9" (potential further letting room)
With ornate antique fire surround, double glazed bay window and radiator.
Dining Room 12'2" x 11'8"
With radiator and double glazed window.
Kitchen 10'7" x 8'6"
Having a range of base cupboard units with matching wall cupboards, single drainer sink, appliance space, central heating boiler, double glazed rear door and window.
Stairs to First Floor Landing
Bedroom One 15'2" x 12'4"
With central heating radiator and cast iron fireplace.
Bedroom Two 12'7" x 9'3"
With central heating radiator.
Bathroom
With suite of panelled bath and pedestal wash basin, tiled walls, double glazed window and radiator.
Separate wc
Stairs to Second Floor and
Bedroom Three 15'2" x 12'4"
With central heating radiator and cast iron fireplace.
Bedroom Four 12'3" x 9'3"
With Velux roof light, central heating radiator.
Outside
Small forecourt. Rear yard with gated access.
Tenancy Details
The property is let on a single assured shorthold agreement which commenced on 1st September 2010 and expires on 31st August 2011, at a reserved rent of £650 per calendar month (£7,800 per annum).
Directions
From the centre of Beeston leave Station Road along Middle Street which continues after a left hand bend into Chilwell Road. Take the second turning on the right into Imperial Road and first turning left into Gladstone Street. Collington Street is the first turning ont he right again and the property will be found immediately on the right hand side.
Vendors Solicitors/Licensed Conveyancers
Guardian Law, Fox Hall Lodge, Fox Hall Road, Nottingham NG7 6LH telephone 0115-845 6496
Tenure
Freehold. Subject to tenancy.
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 buyers contract handling fee of £495 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 7th July 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
EXCELLENT RESIDENTIAL INVESTMENT PROPERTY
Large three storied Victorian end town house
Gas centrally heated four bedroomed accommodation
Currently let on single student AST producing £7,800 p.a.
