Flat 2, 7 Alpha Terrace, Nottingham, NG1 4EP
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£125,000+
Residential
4
Key Features
- Student Investment Property fully let and producing £22,000 pa
- Close to Nottingham Trent University City Campus
- Next Block Viewing: Thursday 20th April at 12:30pm, Please arrive promptly
Part of the
27 April 2023
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire a Student Investment property in the City Centre close to Nottingham Trent University City Campus. Fully let and producing a gross rent of £22,000 per annum
- Situated off North Sherwood Street close to NTU City Campus
- A short walk from the Victoria Shopping Centre and bus station
- Popular student location a few minutes walk from campus
- Comprising a spacious four bedroom flat spread over two floors
- Shared lounge, bathroom & WC's
- Fully let and producing a gross rent of £22,000 per annum
- Rentals agreed for next academic year (awaiting signature)
- Would benefit from cosmetic improvements between lettings
- Copies of the tenancies to be made available in the legal pack
- Floor area approximately 129 sq m (1,389 sq ft) - (VOA)
- A high yielding investment opportunity
Contact Auction Estates on (0115) 7844600
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
For Sale on a 125 Year Long Leasehold basis from 1st March 2007 at a peppercorn rent. The property is let as individual student rooms at a combined rent of £22,000 per annum. We understand rentals have been agreed for the next academic year (awaiting signature)
D
Email: sal.mamujee@keystonelaw.co.uk
Telephone: 02033193700