56 Cycle Road, Nottingham, NG7 2DT
£130,000+
Investment
2
Key Features
- Freehold reversion of a two bedroom semi detached house in the heart of Lenton subject to a long leasehold
- Located in the heart of Lenton
- Ideal for investors
Part of the
23 February 2023
auction
The Nottingham Racecourse
at
2.30PM
Freehold reversion of a 2 bedroom semi detached house in the heart of Lenton subject to an existing 23 year long leasehold interest. Close to Nottingham University Jubilee Campus & QMC Hospital
- Situated in the heart of Lenton
- Cycle Rd is accessed from Derby Road & Faraday Road
- A semi-detached two bedroom house
- Situated close to the QMC & both Nottingham Universities
- A short distance from Castle Marina Retail Park
- Within a quiet residential area
- Long term strategic investment
- Ideal for investors
- Please note that no viewings will take place at the property
No Viewings
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 a long leasehold basis being a 50 year lease from 29th September 1996 at an initial rent of £950 and with approximately 23 years remaining, Freehold by Nottingham City Council.
Refer to Legal Pack
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Telephone: 0115 8765 729