Next auction Thursday 12th December 2.30PM

155 Colwick Road, Nottingham, NG2 4AP



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Guide price

£245,000+


Property Type

Residential

Bedrooms

6


Key Features

  • Freehold 6 bedroom HMO
  • Fully let and producing £29,580 pa
  • Plans drawn and possibility to convert to 9 Bed HMO with en-suites

Part of the 9 December 2021 auction
The Nottingham Racecourse at 2.30PM

Freehold 6 bedroom HMO fully let and producing £29,580 pa in a prominent location within Sneinton

  • Situated on a prominent corner position on the busy Colwick Road
  • Popular and established rental location
  • Attracts a mix of professional, student and private tenants
  • Full HMO License
  • Certificate of Lawful Use confirming C4 Planning
  • GF: 2 x large double bedrooms, living area, kitchen
  • FF: 2 x large double bedrooms, bathroom, w/c
  • SF: 2 x large double bedrooms
  • Yard and bin store to the rear
  • On street parking surrounding the property
  • Fit out to a good standard
  • Numerous long standing tenants in situ
  • Plans have been drawn up and can be provided for:
  • Conversion to 9 bedroom HMO with en-suites
  • Estimated ERV if converted of £59,400 pa
  • Ideal opportunity for investors

Please contact Auction Estates 0115 7844 600

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.

Freehold subject to the existing tenancies. Fully let and producing £29,580 pa

Email: mm@bannerjones.co.uk
Telephone: 01623 6750800

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