Next auction Thursday 15th August 2.30PM

Flat 45 Royal Victoria Court, Gamble Street, Nottingham, NG7 4ET



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Guide price

£95,000+


Property Type

Investment

Bedrooms

2


Key Features

  • 2 bed fully let investment
  • Student investment producing £11,232 for the 2019/20 academic year
  • Within a purpose built student block

Part of the 12 December 2019 auction
Nottingham Racecourse at 2.30PM

2 bedroom fully let Student Investment producing £11,232 per annum equivalent for the 2019/20 academic year.

  • Located within a established student area of Nottingham
  • 0.50 miles from the main Nottingham Trent University campus
  • A short distance from Nottingham city centre
  • Comprising a two bedroom ground floor flat
  • Forming part of a purpose built student block
  • Lounge/kitchen, dining area, 2 bedrooms & bathroom
  • Floor plans of the layout are available upon request
  • An internal viewing is highly recommended

FINAL viewing date: Tuesday 3rd December at 11.45am.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

Long leasehold for a term of 99 years from 15/11/2006 with a ground rent of £250 pa. The property has been let for the 2019/20 academic year at a rent of £117 per person per week on a 48 week contract producing £11,232 per annum equivalent. Lettings inclusive of all bills. A service charge of £685 pa is due for the upkeep of external and communal areas.

C

Email: john.probert@robinsonmurphy.co.uk
Telephone: 0191 230 5023

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