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For Sale By Auction | 12:00, 31 October 2017 | Lot 50

16-18 Newstead Grove, Arboretum, Nottingham, Nottinghamshire, NG1 4GZ

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Sold £1,100,000

  • Terraced House
  • 27 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

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Auction Date

Tue 31/10/2017

Auction Time

12:00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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A Fully Let Student Investment Comprising Two Converted Buildings Internally Arranged to Provide 27 Student Letting Rooms Producing £115,700 per annum

Tenure

Freehold

Location

The property is situated on a residential road in Nottingham close to local shops and amenities. Nottingham University is just 400 yards away. The open spaces of Arboretum Park are within easy reach. Transport links are provided by Nottingham rail stations. <2mm/> Exterior The properties benefit from a shared garden area. <2mm/> The property has not been inspected by Auction House London. All information has been supplied by the vendor.

We understand from the vendors that there is potential for future residential development (subject to obtaining all relevant consents).

Current Rent Reserved £115,700 per annum

Viewing Details

Open House Viewings: Monday 16th October 12:00 – 12:30 to meet outside 16 Newstead Wednesday 18th October 12:00 – 12:30 Friday 20th October 12:00 – 12:30 Tuesday 24th October 12:00 – 12:30 Thursday 26th October 12:00 – 12:30

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.