A Portfolio of 7 Apartments, The Hicking Building, Queens Road, Nottingham, NG2 3BX
A portfolio of 7 apartments in Nottingham
Guide price*
£700,000+
Plus fees
Withdrawn
Auction details:
Thursday 16th May 2024 @ 08:30AM
An attractive portfolio of seven well presented apartments within the iconic Hicking Building in Nottingham city centre comprising three one bedroom and four two bedroom plus seven car parking spaces Current Gross Income: £53,930 pa
Property Description
A portfolio of one and two bedroom apartments within the Hicking Building, one of the largest and best known residential developments in Nottingham with over 320 units. The development comprises of four blocks with a range of studio, one and two bedroom apartments.Location
Situated in a convenient location just opposite Nottingham Train Station and only a few minutes walk to West Bridgford and the city centre.The properties are complete with modern fixtures and fittings throughout and the sale also includes seven car parking spaces.
Energy Performance Rating
All Apartments - CCouncil Tax Band
Two Bedroom Apartments - BOne Bedroom Apartments - C
Tenure
Leasehold – Subject to the existing tenancies.Lease Details
Lease Term: 105 years unexpired.Ground Rent: £250 pa each
Service Charge: Two Bedroom Apartments - £2,167.60 pa each
One Bedroom Apartments £1,366.84 pa each
Full lease details will be available within the legal pack.
Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Viewings
External viewings only.Tenancy Details
Blank | Blank | Blank | Blank | Blank | Blank |
---|---|---|---|---|---|
Flat | Block | Beds | Rent pcm | Gross Rent pa | |
46 | 3 | 2 | £950 pcm | £11,400 pa | |
88 | 2 | 1 | £600 pcm | £7,200 pa | |
68 | 2 | 2 | Vacant | ||
53 | 3 | 2 | £400 pcm | £4,800 pa | |
68 | 3 | 2 | £775 pcm | £9,300 pa | |
54 | 3 | 1 | £650 pcm | £7,800 pa | |
56 | 3 | 1 | £650 pcm | £7,800 pa | |
Parking | Rent pcm | Gross Rent pa | |||
11 | £60 pcm | £720 pa | |||
14 | £60 pcm | £720 pa | |||
144 | £70 pcm | £840 pa | |||
138 | £70 pcm | £840 pa | |||
145 | £70 pcm | £840 pa | |||
12 | £70 pcm | £840 pa | |||
13 | £60 pcm | £720 pa | |||
Total | £4,485 pcm | £53,930 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
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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.