5 bedroom Block of Apartments in Nottingham

189 Nottingham Road, Eastwood, Nottingham, Nottinghamshire NG16 3GS
  • Lot No: 48
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £189,000+ plus fees

Result Sold at Auction £195,000

Property Description

A freehold investment opportunity comprising of a block of five flats situated in a popular and convenient location within Eastwood. Within an easy walk of an abundance of local amenities and great road and public transport links. The property generates an income of £27,888 per annum when fully let. Four flats are in general good order with a rear ground floor flat requiring modernisation. Currently there are 3 flats which are let bringing in a combined £16,656 per annum. There is a good size rear garden with scope to extend to rear flat into a two bedroom flat or even to create a further flat, subject to planning. The property has up to date electrical certificates, fire alarms and emergency lighting. A superb investment opportunity with a potential return of over 14% against the guide price.

Communal Hallway

With original tiled flooring. Fire alarm system and stairs to upper floors.


Flat One - Ground Floor

Kitchen Lounge/Bedroom Shower Room


Flat Two - Ground Floor

Lounge Kitchen Bedroom Bathroom


Flat Three- First Floor

Lounge Dining Kitchen Bedroom Shower Room


Flat Four - First Floor

Kitchen Lounge/Bedroom Shower Room


Flat Five - Second Floor

Lounge Kitchen Bedroom Shower Room


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve 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.

Auction Details

Date 29th September 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

189 Nottingham Road, Eastwood, Nottingham, Nottinghamshire NG16 3GS