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NEXT AUCTION - THURSDAY 9TH DECEMBER 2.30PM - Click here to view

Lot - 2.6 Cymbeline House, Shakespeare Street, Nottingham, NG1 4FQ Auction Lot £125,000+ - Auction Estates

Next Auction

The Nottingham Racecourse


09 December 2021

Shakespeare Street, Nottingham, NG1 4FQ

Guide Price: £125,000+


2
Bedrooms
Sold
£140,000

Key Features

  • Long Leasehold second floor flat
  • 2 bedrooms with open plan living
  • Current gross rent of £12,500 pa
Draft Details Only

Long Leasehold 2 bedroom student investment let for the 2021/22 academic year located immediately adjacent to the main Nottingham Trent University City Campus

• Attractive 2 bedroom flat
• situated adjacent to the main NTU City Campus
• Less than a minutes walk to Nottingham's Victoria Centre
• Bus and tram stops within walking distance
• Let for the 2021/22 academic year
• Gross rent of £12,500 pa
• Benefits from a car parking space
• Second floor flat
• Open plan living area with 2 bedrooms and a bathroom
• Annual ground rent payable of £200
• Annual service charge payable currently amounting to £1178.92
• The development was completed approximately 15 years ago

Viewings

Please Contact Auction Estates on 0115 7844 600

Important Notices

Fees

A buyer's premium of £1,440 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.

Long Lease with a term of 109 years remaining
Let for the 2021/22 academic year at £12,500

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