Next auction Thursday 20th June 2.30PM

5A/5B Bowers Avenue, Mapperley Park, Nottingham, NG3 4JR



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Guide price

£100,000 +


Property Type

Residential


Key Features

  • Residential investment property, fully let and producing £9,600 pa
  • Comprising two self contained 1 bedroom flats
  • Each flat is let at £400 pcm (£9,600 pa in total)
  • Popular rental location close to Nottingham city centre
  • Easy to manage accommodation with scope for upgrading and modernisation
  • Excellent investment opportunity
  • Close to a wealth of local amenities

Part of the 14 March 2017 auction
Nottingham Racecourse at 2.30PM

A three storey mid-terraced residential investment property split into two self-contained one bedroom flats, fully let and producing £9,600 per annum

  • A three storey mid-terraced residential investment property split into two self-contained one bedroom flats, fully let and producing £9,600 per annum. * Popular residential location approximately 2 miles north-east of Nottingham city centre * Located off Woodborough Road (B684) with good public transport links * Comprising a three storey mid-terraced property split into two self contained flats. * The ground floor comprises a one bedroom flat (lounge, bedroom, kitchen & bathroom) * There is ground floor access to the upper floor 1 bedroom flat (first floor bathroom, kitchen and lounge/dining room. Second floor bedroom and store room) * The ground floor flat benefits from use of the rear yard. * Easy to manage accommodation with scope for upgrading and modernisation.

Contact Paul Giles on (0115) 78 44 600

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 the existing Assured Shorthold Tenancy agreements. Both 1 bed flats are let at £400 pcm (Combined £800 pcm)

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Telephone: 0115 9304 994

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