Next auction Thursday 17th October 2.30PM

142 Gregory Boulevard, Nottingham, NG7 5JE



Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Sold
£325,000
Guide price

£275,000+


Property Type

Residential

Reception Rooms

1

Bedrooms

8

Bathrooms

3


Key Features

  • An opportunity to acquire a freehold four storey 8 bedroom semi-detached HMO
  • Part let and producing £36,000 pax

Part of the 20 June 2024 auction
Trent Bridge Cricket Ground at 2.30PM

An opportunity to acquire a freehold four storey 8 bedroom semi-detached HMO located in the heart of Forest Fields. Part let (2 vacant rooms) and producing £36,000 pax

  • Freehold four storey 8 bedroom semi-detached HMO
  • Situated in a prominent position on Gregory Boulevard
  • Just off the busy Alfreton Road (A610)
  • A popular area for students & young professionals
  • Less than one mile from Nottingham University & NTU
  • A short walk to Castle Retail Park & local amenities
  • Excellent transport links to City Centre and surrounding areas
  • 1.2 miles North West of Nottingham City Centre
  • GF: 2 x Bedrooms, communal kitchen & bathroom
  • FF: 3 x Bedrooms & a communal bathroom
  • SF: 3 x Bedrooms & a communal bathroom
  • LGF: Spacious communal living room
  • 6 out of the 8 rooms are currently let
  • 3 bedroom are let at £550 pcm totaling £1,650 pcm
  • 3 bedroom are let at £450 pcm totaling £1,350 pcm
  • Combined income for 6 rooms of £3,000 pcm (£36,000 pax)
  • ERV when fully let of £4,000 pcm (£48,000 pax)
  • 2 off street parking spaces and ample on street parking
  • Ideal investment opportunity

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, Auction Estates, and Vendors Solicitors 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 auction. Prospective Purchasers are advised to check with the auctioneers, Auction Estates, before the sale that the property is neither sold or withdrawn. The Purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Whilst Auction Estates make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers. Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry to such sites is entirely at the viewers' risk.

Freehold subject to the existing tenancies. Part let (2 vacant rooms) and producing £36,000 pax (refer to Legal Pack)

Refer to Legal Pack

Email: oliveremmett@kirklandlane.com
Telephone: 01636 813128

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