14 Terraced Houses, Moreland Court, Moreland Street, Nottingham, NG2 3GQ
£225,000+
Residential
33
Key Features
- A rare opportunity to acquire a strategic development site of 0.38 acres within the Waterside Regeneration Area
- Comprising three blocks of existing terraced houses (14 in total)
Part of the
22 February 2024
auction
The Nottingham Racecourse
at
2.30PM
A rare opportunity to acquire a strategic development site of 0.38 acres within the Waterside Regeneration Area, comprising three blocks of existing terraced houses (14 in total)
- Freehold, comprising 3 blocks of terraced houses (14 in total)
- Situated close to Lady Bay Retail Park
- 0.8 miles South East of Nottingham City Centre
- Nearby: Screwfix, BP, KFC, Costa, Dreams, B&M etc
- Situated off one of the main arterial routes in & out of the City
- Total site area approximately 0.38 acres
- 3 blocks of terraced houses (14 terraced houses in total)
- 2 blocks provide 9 x 2 storey houses (1 let)
- Each 2 storey house approx 700 sq ft NIA
- 1 block provides 5 x 3 storey houses (1 let)
- Each 3 storey house approx 800 sq ft NIA
- Two let for commercial (combined rent: £7,200 pa)
- Scope for conversion or redevelopment of the site (STP)
- Located within the Waterside Regeneration area
- An ideal opportunity for developers and investors
Strictly by appointment only, 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 two periodic tenancies producing a combined rental income of £7,200 pa (Refer to the Legal Pack)
Refer to Legal Pack