Next auction Thursday 15th August 2.30PM

108 Portland Road, Nottingham, NG7 4GP



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Guide price

£330,000+


Property Type

Investment

Bedrooms

6


Key Features

  • An opportunity to acquire a freehold six bedroom HMO property
  • A short walk to Nottingham Trent University city campus & NTU Tram Stop

Part of the 22 February 2024 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a freehold three storey six bedroom student HMO property. A short walk to Nottingham Trent University. Fully let and producing a net rent of £29,900 pa (ERV £33,000 pa).

  • Freehold three storey six bedroom HMO
  • Located in a sought after student area
  • A 3 minute walk to Nottingham Trent University campus
  • Excellent transport links, a short walk to NTU Tram Stop
  • 0.5 miles from the heart of Nottingham City Centre
  • Close to a variety of amenities: Shops, restaurants & bars
  • Permit holder parking provided along Portland Road
  • GF: living room, kitchen, utility room & bedroom
  • FF: 2 x Double bedrooms, bathroom & W/C
  • SF: 2 x Double bedrooms & bathroom
  • Lower Ground Floor: bedroom & study room
  • Benefits from an enclosed rear courtyard
  • Fully let & producing a net rent of £29,900 pa
  • An ideal asset management opportunity for investors

Contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

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.

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.

Freehold, subject to the existing tenancies producing a rental income of £29,900 pa (refer to Legal Pack) and with scope to increase to circa £33,000 pa

Refer to Legal Pack

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