property
DRAFT DETAILS
For sale by auction - Friday 5 December 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Traditional terraced property consisting of two self-contained flats
Previously let generating a total income of £7800 per annum
Ideal investment opportunity
EPC Rating: E & C
Traditional terraced property consisting of two self-contained one bedroomed flats, previously let at £325 per calendar month per flat, generating a total annual income of £7800. Ideal investment opportunity.
The accommodation comprises:
25a Pelham Street:
(Ground Floor Flat)
Lounge 12ft 4 x 11ft 8
With storage cupboard housing combination boiler, radiator, double glazed window to front aspect.
Bedroom 12ft 5 x 12ft 3
With radiator, window to rear aspect.
Kitchen 11ft 5 x 7ft 1
With wall mounted and base units, roll edge working surfaces, tiled flooring, single drainer sink unit, tiled splashback areas, radiator, plumbing for washing machine, double glazed window to side.
Rear Lobby
With obscure double glazed door to side
Bathroom
With three piece suite comprising panelled bath, pedestal wash hand basin, low flush wc, tiled splashback areas, extractor fan, wall mounted towel rail, obscure double glazed window.
25b Pelham Street:
(First Floor Flat)
Entrance having stairs to first floor.
Passaged Landing
Lounge 12ft 4 x 12ft 2
With two double glazed windows to front aspect, radiator, walk in store cupboard.
Bedroom 12ft 1 x 8ft 9
With double radiator, sash glazed window to rear aspect.
Kitchen 9ft 9 x 7ft 1
With two twin wall mounted units, one twin base unit, single drainer sink unit with tiled splashback areas, plumbing for washing machine, double radiator, double glazed window.
Bathroom
With white three piece suite comprising panelled bath, pedestal wash hand basin, low flush wc, tiled splashback areas, tiled flooring, extractor fan, radiator, obscure glazed window.
Tenure
Freehold. Vacant possession on completion.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 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.grahampennyauctions.com/glossary.
