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Lot - 7 Sherbrooke Road, Carrington, Nottingham, NG5 2BE Auction Lot £150,000+ - Auction Estates

Next Auction

10 December 2020

7 Sherbrooke Road, Carrington, Nottingham, NG5 2BE

Guide Price: £150,000+


Sold
£225,000

Key Features

  • Freehold 5 bedroom mid-terrace HMO student investment property
  • Situated in Carrington in a popular student location
  • Fully let with a current rent reserved of £27,720 per annum
Draft Details Only

Freehold 5 bedroom mid-terrace HMO investment property with a current rent reserved of £27,720 per annum.

• Situated in a popular rental location
• Comprising a mid-terrace 3 storey property
• Benefits from HMO licence
• GF - 1 bedroom, kitchen, bathroom
• FF - 2 bedrooms & shower room
• SF - 2 en-suite bedrooms
• Basement storage (not inspected)
• Yard to the rear with bin storage
• On street parking to the front (permit)
• Ideal investment opportunity

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

Fees

For each lot, a Buyers Fee of £1,200 +vat is payable to Auction Estates where the lot value exceeds £10,000, the Buyers Fee is £600 +vat.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 existing tenancies for all 5 rooms, with a total current rent reserved of £27,720 per annum.

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