Next auction Thursday 20th June 2.30PM

The Old School House, 203A Ilkeston Road, Nottingham, NG7 3FW



Withdrawn
Withdrawn
Withdrawn
Withdrawn
Withdrawn
Withdrawn
Guide price

£290,000+


Property Type

Residential

Bedrooms

4


Key Features

  • Investment property providing 4 flats
  • Current rental income received £16,200pa, ERV when fully let £21,960pa
  • Scope to improve rental income

Part of the 15 August 2019 auction
Nottingham Racecourse at 2.30PM

An attractive residential investment property comprising 4 flats (3 let, 1 vacant) ERV when fully let £21,960 per annum

  • Prominent position fronting Ilkeston Road in Nottm city centre
  • Opposite Tesco, Ladbrokes and Betfred
  • Adjacent school is due to be redeveloped
  • Comprising four self contained flats
  • Flat 1: ground floor 1 bed vacant, previously let at £480 pcm
  • Flat 2: ground floor 1 bed let at £450 pcm
  • Flat 3: first floor 1 bed let at £450 pcm
  • Flat 4: first floor 1 bed let at £450 pcm
  • Current rental income received £16,200pa
  • ERV when fully let £21,960 pa
  • Scope to further improve rental income
  • Ideal city centre investment property

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 Assured Shorthold Tenancies of the 3 flats, flat 1 currently vacant (see legal pack)

Email: null
Telephone: 01246 231288

Your next steps...

For more property information
contact us