Church Street, Nottingham, Eastwood, NG16 3HP

Key Features

Summary

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £750,000. An investment opportunity has come to the market comprising of seven self contained flats. The property has been converted to six one bedroom and one two bedroom refurbished flats. The double glazed and gas centrally heated accommodation comprises of a communal entrance hall, telephone entry system, access is given to three ground floor flats, staircase to the first floor leads to a further three flats. Individual access to the flat four is to the right hand side of the property. The property has car parking for each flat with additional visitor space. The property is sold with all flats currently let with an approximate income of £55,800 per annum. This fantastic opportunity is located close to Eastwood town centre and is well served by local shops, bus links and road network leading to Nottingham city centre and the M1 motorway.

Full Description

Entrancce Hall
Communal entrance door with telephone entry system to three ground floor flats and three first floor flats.

Flat One
Ground floor flat having lounge/kitchen, one bedroom, double glazing and gas central heating.

Flat Two
Ground floor flat having lounge/kitchen, one bedroom, double glazing and gas central heating.

Flat Three
Ground floor flat having lounge/kitchen, one bedroom, double glazing and gas central heating.

Bedroom Four
Ground floor flat having, private entrance, lounge/kitchen, one bedroom, double glazing and gas central heating.

First Floor Landing
Access to bedrooms flat five, flat six and flat seven.

Flat Five
First floor flat having lounge/kitchen, one bedroom, double glazing and gas central heating.

Flat Six
First floor flat having lounge/kitchen, one bedroom, double glazing and gas central heating.

Flat Seven
First floor flat having lounge/kitchen, two bedrooms, double glazing and gas central heating.

Outside
The property commands a corner plot with enclosed walled boundaries. Car parking to the rear for each flat and additional visitor car parking.

Additional Photo
Example photograph of a flat with in the building.

Additional Photo
Example photograph of a flat with in the building.

Additional Photo
Example photograph of a flat with in the building.

Additional Photo
Example photograph of a flat with in the building.

Additional Photo
Example photograph of a flat with in the building.

Additional Photo
Example photograph of a flat with in the building.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

Auctioneers Additional Comments
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services