Next auction Thursday 20th June 2.30PM

1 & 3 & 5 Regent Street, Nottingham, NG1 5BS



Sold
£25,000
Sold
£25,000
Sold
£25,000
Sold
£25,000
Sold
£25,000
Sold
£25,000
Guide price

£25,000+


Property Type

Investment

Bedrooms

10


Key Features

  • Freehold Ground Rents secured against five flats producing a combined income of £1,200 pa
  • Located in Nottingham's prestigious business quarter on Regent Street
  • An ideal long term strategic investment

Part of the 17 August 2023 auction
The Nottingham Racecourse at 2.30PM

Freehold Ground Rents secured against five flats located in Nottingham's prestigious business quarter on Regent Street

  • Freehold Ground Rents secured against five flats
  • Regent Street is one of Nottingham's prime locations
  • A few minutes walk from the Old Market Square & City Centre
  • Close to Playhouse, Theatre Royal Hall & Royal Concert Hall
  • Surrounded by affluent apartments, offices & restaurants
  • Excellent transport links to City Centre and surrounding areas
  • Proximity to multi-storey car park & on street parking
  • Lease Terms for all 5 flats: 999 Year from 01/01/2018
  • Producing a combined total Ground Rent of £1,200 pa
  • Ground Rents Secured breakdown
  • Flat 1 - £250 pa
  • Flat 2 - £200 pa
  • Flat 3 - £250 pa
  • Flat 4 - £250 pa
  • Flats 5 - £250 pa
  • 10 year RPI review from January 2018. Next Review 01/01/2028
  • An ideal long term strategic investment
  • Lessees Have elected to take up their rights of pre-emption

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 Ground Rents secured against five flats producing an income of £1,200 pa. Lease Terms of all five flats - 999 years from 01/01/2018 Ground Rents Secured Flat 1 - £250 pa Flat 2 - £200 pa Flat 3 - £250 pa Flat 4 - £250 pa Flats 5 - £250 10 year RPI review from January 2018. Next Review 01/01/2028

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