Apartment in Nottingham

Apartment 35, Park West, Derby Road, Nottingham NG7 1LU
  • Lot No: 112
  • Property Type: Apartment
  • Contract Type: Conditional with Reservation Fee
Century 21 - Wembley & Greenford Sold Prior to Auction
Property Description

An excellent opportunity to purchase a one bedroom apartment that is sold with tenant in situ. Located within walking distance to the bustling city centre of Nottingham with its bars, restaurants and cafes this property is ideally situated in a popular student location. With bus, train and tram links within walking distance and with the added bonus of the buses to East Midlands Airport, this property would be a great investment opportunity. Secure gated development with the added benefit of communal gardens and allocated underground parking The tenant is on an Assured Shorthold Tenancy until December 2021 and paying £650 per calendar month which gives an high return of 9% based on the guide price. We are advised by the seller that due to the cladding that the property is not considered mortgageable therefore CASH BUYERS only. PLEASE NOTE: Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is also our partner agent in the sale, and will receive part of any Reservation Fee as commission. If you have any queries regarding this, please contact us for further information

Reception Hall

Double glazed window to the side , electric radiator, door to WC


Open Plan Living Kitchen 20ft 10 x 12ft 7 (6.35m x 3.84m)

Three double glazed windows to the rear and side, fitted wall and base units with roll edge work surfaces, stainless steel sink and drainer with mixer tap, tiled splashbacks, electric oven and hob with hood over, electric radiator, plumbing for a washing machine and dish washer.


Bedroom 16ft 7 x 8ft 9 (5.05m max x 2.67m)

Double glazed window to the side, fitted wardrobes, electric radiator, doors to the en-suite.


En-Suite 6ft 11 x 5ft 3 (2.11m x 160m)

Shower cubicle with electric shower, pedestal hand wash basin with tiled splashbacks, close coupled WC, extraction fan.


Bathroom 8ft 1 x 5ft 11 (2.46m x 1.80m)

Double glazed window to the side, panel bath with shower over, pedestal hand wash basin with tiled splashbacks, close couple WC, extraction fan.


Outside

Communal gated development, within a court yard gardens, underground allocated parking.


Note:

PLEASE NOTE: Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is also our partner agent in the sale, and will receive part of any Reservation Fee as commission. If you have any queries regarding this, please contact us for further information


Tenure

Leasehold


Auction Method: The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date, by following the link on our home page: https://www.sdlauctions.co.uk/ The auction date applicable for the property is displayed on this page. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold. You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed. When you place your bid, you are deemed to have agreed to SDL Property Auctions’ Buyers Terms (England & Wales). Auction Type - Conditional with Reservation Fee If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the legal pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers. Auction Fees The following non-refundable fees apply:
  • Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000 (b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000 The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price. Deposit This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale. Payment Method Applicable fees must be paid immediately after a winning bid has been placed. We do not accept payment by cash or cheque. Prior to the auction, we will email you to register your card details with our third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by one of our representatives to make payment. If we cannot make contact with you within 24 hours after the auction ends, we reserve the right to charge your card. Legal Pack Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate. The legal pack can be viewed on this page, under the sub-heading “Legal pack”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents. The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding. Special Conditions of Sale The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack. Energy Performance Certificate The EPC for this property can be viewed in full at the top of this page or in the legal pack. Registration Process: To register to bid on the property, you must submit your remote bid here: https://www.sdlauctions.co.uk/remote-telephone-proxy-bidding/. There is also a link to register on the property details page, where you will also be able to find the lot number for the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed. Guide Price & Reserve Price 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.