property
DRAFT DETAILS
For sale by auction - Friday 28th March 2014
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
Detached stone building with two self-contained apartments
Superb investment property
Current income £9,900 per annum with scope to increase
Popular location
EPC Rating: TBC
A superb investment property situated within the market town of Eckington, with excellent road links to Chesterfield and Sheffield. Detached double fronted stone built property which has been carefully renovated and restored by the current owner to provide two self-contained apartments, currently producing £9,900 per annum by way of two separate AST
s.
Planning has been granted to convert the ground floor flat into two studio flats, which would offer an increase in the current rental income.
The auctioneers have not inspected the property internally but believe it the accommodation to be:
On the Ground Floor:
Two bedroomed flat with living room, bathroom and kitchen.
First Floor:
One bedroomed flat with living room, kitchen and bathroom.
Outside
To the rear of the property there is an enclosed courtyard providing off road parking.
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 11.30am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary.
