164 & 164A Vernon Road, Nottingham, NG6 0AD
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£75,000+
Residential
4
Key Features
- An opportunity to acquire a freehold block of two self contained apartments comprising a two bedroom ground floor apartment and a three bedroom upper floor duplex
- Located in the heart of Old Basford
- Fully let and producing £12,600 pa.
Part of the
25 April 2024
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire a freehold block of two self contained apartments comprising a two bedroom ground floor apartment and a three bedroom upper floor duplex in the heart of Old Basford. Fully let and producing £12,600 pa.
- Freehold block of two self contained apartments
- Located in the heart of Old Basford
- Close to a variety of local amenities: Pubs, shops & restaurants
- A short walk to Basford Tram Stop & Bus Stops
- Less than 2 miles from Nottingham City Centre
- Excellent connectivity, less than 10 minute drive to J26 of the M1
- Proximity to Nottingham City Hospital
- GF apartment (544 sq ft) Let at £600 pcm (£7,200 pa)
- GF: Lounge/kitchen/diner, 2 x double bedroom & bathroom
- Upper floor apartment (714 sq ft) Let at £450 pcm (£5,400 pa)
- FF: Lounge, kitchen, family bathroom & double bedroom
- SF: 2 x Double bedroom
- Combined total income of £12,600 pa
- Ideal opportunity for investors
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 the two existing tenancies producing a combined income of £12,600 pa (Refer to Legal Pack)
Refer to Legal Pack