Next auction Thursday 22nd February 2.30PM

4 Gorsey Road, Nottingham, NG3 4JL



Sold
£296,000
Sold
£296,000
Sold
£296,000
Sold
£296,000
Guide price

£230,000


Property Type

Residential

Bedrooms

9


Key Features

  • Three storey semi detached HMO
  • Freehold property with 9 letting rooms
  • ERV when fully let £34,380 per annum (£2,865 pcm)

Part of the 17 April 2019 auction
Nottingham Racecourse at 2.30PM

A substantial three storey semi-detached freehold HMO, providing 9 letting rooms with scope to increase to 10, subject to obtaining the necessary consents. Total current rent reserved of £15,780 pa (£1,315 pcm) with scope to improve. ERV when fully let: £34,380 pa (£2,865 pcm)

  • Substantial 3 storey semi-detached HMO property
  • 9 letting rooms with scope for a 10th (STC)
  • Room 1: £340 pcm
  • Room 2: Vacant, previously let at £340
  • Room 3: £325 pcm
  • Room 4: £350 pcm
  • Room 5: £300 pcm
  • Room 6: Letting agreed at £260 pcm
  • Room 7: Vacant, previously let at £350 pcm
  • Room 8: Vacant, previously let at £300 pcm
  • Room 9: Vacant, previously let at £300 pcm
  • Communal kitchen & bathroom at ground floor
  • Spacious basement offering additional storage space
  • Garden to front, yard at the rear
  • Sought after location close to city centre
  • Ideal high yielding investment opportunity
  • Close to a wealth of local amenities

Please 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.

Freehold, subject to the occupational tenancies. We are informed that 5 of the 9 rooms are currently let.

Email: sian.rowland@la-law.com
Telephone: 023 8082 7400

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