51 Vernon Park Drive, Basford, Nottingham, NG6 0AF
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£65,000+
Residential
2
Key Features
- Long Leasehold for a term of 999 years
- Let on an AST at a rent of £447.75 pcm to a tenant of 11 years
- Adjacent to the Vernon Park and Lake and close to the David Lane NET Tram stop
Part of the
16 June 2022
auction
The Nottingham Racecourse
at
2.30PM
Long Leasehold (999 years) ground floor two bedroom apartment let at £447.75pcm with Vernon Park to the rear and within walking distance of the David Lane NET Tram stop
- Situated off Vernon Road (B682)
- Close to NET Tram Stop
- Adjacent to Vernon Park & Lake
- Comprising a ground floor flat
- 2 bedrooms, kitchen, lounge & bathroom
- Under stairs storage cupboard
- Shared communal parking to the rear
- Currently no service charge or ground rent
- Ideal investment opportunity
Please contact Auction Estates on 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Long Leasehold for 999 years, subject to an AST at a rent of £447.75 pcm (£5,373 pa) to a tenant who has been in situ for 11 years
Refer to Legal Pack
Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800