86 Nottingham Road, Nottingham, NG7 7AH
4 bedroom mid terraced house in Nottingham
Guide price*
£110,000+
Plus fees
Sold for £186,000
Lot information
Residential Investment
Auction details:
Thursday 16th May 2024 @ 08:30AM
Freehold Residential Investment Property on northern edge of Nottingham City Centre BEING OFFERED ON BEHALF OF THE JOINT FIXED CHARGE RECEIVERS
Property Description
A four bedroom mid terraced property, standing back from the road behind a small foregarden.Location
Situated on the busy Nottingham Road, benefitting from excellent access to Nottingham City Centre approximately 1 mile south. Both Universities are within easy reach of the property, with extensive amenities available within Basford, Forest Fields and onwards within the city centre.Accommodation
Ground Floor: Hall, Two Reception Rooms, Kitchen, Cellar.First Floor: Landing, Three Bedrooms, Bathroom/WC.
Second Floor: Attic Bedroom.
The property benefits from having a gas fired central heating system.
Energy Performance Rating
D.Council Tax Band
A.Tenure
Freehold – Subject to the existing tenancies.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Auctioneer's Note
At the time of going to print, the Auctioneers were only able to access the communal areas, however were not able to inspect the bedrooms.The Auctioneers have not had sight of complete tenancy information at the time of going to print. Interested parties are to satisfy themselves as to the tenancy details.
Viewings
Strictly by appointment with the Auctioneers.Tenancy
We understand the tenancy position to be as follows:-| Term | Rental |
|---|---|
| Room 1: | £500 pcm (£6,000 pa.) |
| Room 2: | £495 pcm (£5,940 pa.) |
| Room 3: | £525 pcm (£6,300 pa.) |
| Room 4: | Vacant |
| Total Gross Rental: | £1,520 pcm (£18,240 pa.) |
DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,160 inc VAT (£1,800.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
