58 Mapperley Road, Nottingham, NG3 5AS
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£325,000
Residential
10
Key Features
- Four storey property providing ten 1 bed flats
- Currently producing £40,860 per annum from 9 flats (£45,000 when fully let)
- Car park & storage building at rear
Part of the
26 September 2018
auction
Nottingham Racecourse
at
2.30PM
A substantial four storey, semi detached freehold property providing ten 1 bed flats (1 vacant), with a total current rent reserved of £40,860 pa (£45,000 pa when fully let)
- 4 storey semi-detached property split into 10 flats
- Nine 1 bed studio flats (let)
- Self contained ground floor flat with separate kitchen (vacant)
- Car park & storage building accessed from rear street
- Sought after location north of Nottingham City Centre
- Ideal high yielding investment opportunity
- Close to a wealth of local amenities
- Not fully inspected (by Auction Estates) at the time of print
Please contact Auction Estates 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Freehold, subject to the occupational tenancies. we are informed 9 of the flats are let and 1 is currently vacant.
Email: george.kujawinski@ehlsolicitors.co.uk
Telephone: 0115 9553444