property
DRAFT DETAILS
For sale by auction - Thursday 15th May 2014
At East Midlands Conference Centre, Nottingham, NG7 2RJ
Commencing at 11.30am
Traditional three storey terraced property
Offering six lettable rooms/bedsits generating £19,000 p.a.
HMO Licence for 7 persons
Situated close to Nottingham City Centre
Ideal investment opportunity
EPC Rating: E
2 Car parking spaces
Traditional gas centrally heated and double glazed period terraced house, situated over three floors, offering six lettable rooms/bedsits, currently generating a rental income of £19,000 per annum until August 2014, situated close to Nottingham Town Centre. We understand a new tenancy agreement is in place starting in August 2014, which will generate £24,000 p.a. and that the property has an HMO Licence for 7 persons. Ideal investment opportunity.
The accommodation comprises:
Entrance Hall
Breakfast Kitchen
Lounge/Dining Room
Downstairs WC plus shower
Stairs to First Floor leading to:
Bedroom One
Bedroom Two
Bedroom Three
Bathroom with WC
Stairs to Second Floor leading to:
Bedroom Four
Bedroom Five
Bedroom Six
Bathroom
There are also two car parking spaces to side.
All fixtures and fittings are included in the sale.
Tenure
Leasehold. 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 the fall of the hammer.
