Next auction Thursday 20th June 2.30PM

16 Berkeley Court, Nottingham, NG5 2AU



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Guide price

£100,000+


Property Type

Investment

Bedrooms

2


Key Features

  • Residential investment property let on an FRI Lease at £14,560 pa
  • High yielding retail investment property (14.5%+ Gross Yield at Guide Price)
  • Next block viewing: Thursday 16th February at 12:30 PM, please arrive promptly

Part of the 23 February 2023 auction
The Nottingham Racecourse at 2.30PM

Residential investment property comprising a two bedroom flat let to a CIC Company on a 5 year FRI lease from 25th November 2022 at a rent of £14,560 pa

  • Located in the heart of Carrington off Mansfield Rd (A60)
  • Approx 1.25 miles north of Nottingham City Centre
  • Excellent transport links to city and surrounding areas
  • Popular and established rental location
  • Close to Lidl, Best Western & Mercure Hotels
  • A short walk to local shops, pubs and restaurants
  • Berkeley Court is a purpose built block of similar flats
  • Comprising 2 bedrooms, kitchen, lounge/diner
  • Car park to the rear
  • Let on a 5 year lease from November 2022
  • Ideal investment opportunity

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

Leasehold (refer to legal pack). The property is let on a 5 year FRI lease from 25th November 2022 at a rent of £14,560 pa

Refer to Legal Pack

Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800

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