Studio flat for auction in Nottingham

Description

An investment opportunity for a ground floor studio flat in a sought after residential location with high demand locally for BTL properties and within walking distance of Netehrfield's busy high street

999 year lease

£0 service charge

£0 ground rent

The property in brief comprises of an entrance hall open to the lounge / bedroom area, a modern kitchen and shower room

There is good access to the city centre of Nottingham via public transport and road network and the property is close to a wide range of local amenities and shops

Accommodation

Entrance Hall

Lounge / Bedroom area

Kitchen

Shower Room

Draft Sales Particulars:
These sales details are awaiting vendor approval

Tenure

Leasehold

Occupancy

Vacant posession upon completion

Costs

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.

General

Leasehold Information
We have been informed the lease is 999 years from 12 February 2024. Ground Rent - N/A. Service Charge - nil. Please see legal pack.