• UNSOLD AT AUCTION +

• 30 July 2024 +

• EPC Rating - D +

SUMMARY
GUIDE PRICE £300,000 -
AVAILABLE POST AUCTION
• A large end of terrace property comprising 3 self-contained flats
• Close vicinity to Nottingham city centre
• Being sold with tenants in situ – all rolling contracts
• Annual income – just over £28,000 p/a

DESCRIPTION
GUIDE PRICE: £300,000

AVAILABLE POST AUCTION. CONTACT: Bagshaws Residential Derby, 32 – 34 Cornmarket, Derby, DE1 2DG option 3)

DOWNLOAD LEGAL DOCUMENTS FROM BARNARD MARCUS AUCTIONS WEBSITE

Description
A large end of terrace property, located centrally in Nottingham, consisting of 3 self-contained flats. All of the flats are currently tenanted and are yielding an attractive rental income of just over £28,000 p/a. Gregory Boulevard is located approximately a mile from the centre of Nottingham and has regular bus and tram services nearby. There is an array of local amenities ‘on the doorstep’ as well as in Nottingham city centre. This is a fantastic investment opportunity for a buyer looking to acquire a property providing multiple rental income streams.

Agent note: we haven’t inspected the property internally and the photos used for marketing were taken during a previous inspection by a third party. We believe the accommodation to be set out as below.

Accommodation
Ground floor: entrance hall, a reception room, 2x bedroom/reception rooms, kitchen & bathroom.
First floor: kitchen, reception room/bedroom, bedroom & bathroom.
Second floor: kitchen. Reception room/bedroom, bedroom & shower room.
Outside: driveway to the front and a low maintenance garden to the rear.

Rental income: (ASTs)
Flat 1: £850pcm
Flat 2: £760pcm
Flat 3: £760pcm

EPC:
Flat 1: D
Flat 2: D
Flat 3: D

Council Tax Band:
Flat 1: A
Flat 2: A
Flat 3: A

Tenure:
Freehold

Viewings:
William H Brown, 20 Upper Parliament Street, Nottingham, NG1 2AD. Tel: . No internal viewings are available.
By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue

FOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS ON TUESDAY 30TH JULY 2024 AT 9.00AM AT THE DE VERE GRAND CONNAUGHT ROOMS, 61-65 GREAT QUEEN STREET, COVENT GARDENS, LONDON WC2B 5DA. YOU CAN ALSO REGISTER FOR ONLINE BIDDING.

CONDITIONS OF SALE
The Conditions of Sale are available online and will be deposited at the offices of the auctioneers and vendor’s solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of the same whether inspected or not. Any questions relating to them must be raised prior to the auction. 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.
Health & Safety Advice for Property Viewers.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at lots, we have not carried out a detailed Health & Safety inspection of the lots in our auction and cannot therefore guarantee the safety and security of viewers. All persons attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers’ risk.
*Guide and Reserve Prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

NOTE
The auctioneers offer four ways to bid including internet, telephone, proxy, and live room bidding. Prospective purchasers will need to register to bid and pay a holding deposit before the sale commences by registering at Barnard Marcus Auctions website. We do not take credit card or cash deposits. The sale of each lot is subject to a documentation charge of £1,500 (including vat) payable on the fall of the hammer.
Guidance notes are set out in the catalogue in relation to auction lots, particularly from a purchasing perspective.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.