354 St. Albans Road, Nottingham, NG6 9FS
£125,000+
Investment
5
Key Features
- Freehold semi-detached three storey investment property
- Comprising 5 x 1 bedroom self contained flats and garage and yard
- Fully let and producing £20,052 pax
Part of the
27 February 2020
auction
Nottingham Racecourse
at
2.30PM
Freehold semi-detached three storey residential investment property comprising five flats and garage fully let producing £20,052 pax close to Bulwell town centre
- Freehold semi-detached three storey investment property
- Fronting St Albans Road at junction with Broomhill Road
- A short distance from the retail centre of Bulwell
- Comprising 5 x 1 bedroom self contained flats
- Garage and small yard producing £432 pax
- 5 x 1 bed flats fully let and producing £19,620 pax
- Total combined income £20,052 pax
- Scope to increase rents
- Flats would benefit from cosmetic refurbishment
- Benefits from mains water, drains and electrics but no gas
- Each flat benefits from individual electric meters
- On street parking surrounding property
- Ideal investment opportunity
FINAL viewing date:Friday 21st February at 11.00am
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 producing £20,052 pax
TBC
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Telephone: 01246 231288