A Portfolio of 7 Apartments, The Hicking Building, Queens Road, Nottingham, NG2 3BX
- PROPERTY TYPE
Block of Apartments
- SIZE
Ask agent
Key features
- Leasehold Subject to the existing tenancies.
Description
Current Gross Income: £73,140 pa
A portfolio of one and two bedroom apartments within the Hicking Building, one of the largest and best known residential developments in Nottingham with over 320 units.
The development comprises of four blocks with a range of studio, one and two bedroom apartments.
Location
Situated in a convenient location just opposite Nottingham Train Station and only a few minutes walk to West Bridgford and the city centre.
The properties are complete with modern fixtures and fittings throughout and the sale also includes seven car parking spaces.
Energy Performance Rating
All Apartments - C
Tenure
Leasehold Subject to the existing tenancies.
Lease Details
Lease Term: 110 years unexpired.
Ground Rent: Two Bedroom Apartments - £250 pa each
One Bedroom Apartments - £187.50 pa each
Service Charge: Two Bedroom Apartments - £1,917.62 pa each
One Bedroom Apartments £1,366.84 pa each
Full lease details will be available within the legal pack.
Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.
Viewing Times
External viewings only.
Tenancy Details
| Blank | Blank | Blank | Blank | Blank | Blank |
| Flat | Block | Beds | Rent pcm | Gross Rent pa | |
| 46 | 3 | 2 | £950 pcm | £11,400 pa | |
| 88 | 2 | 1 | £700 pcm | £8,400 pa | |
| 68 | 2 | 2 | £900 pcm | £10,800 pa | |
| 53 | 3 | 2 | £900 pcm | £10,800 pa | |
| 68 | 3 | 2 | £775 pcm | £9,300 pa | |
| 54 | 3 | 1 | £700 pcm | £8,400 pa | |
| 56 | 3 | 1 | £700 pcm | £8,400 pa | |
| Parking | Rent pcm | Gross Rent pa | |||
| 11 | £60 pcm | £720 pa | |||
| 14 | £60 pcm | £720 pa | |||
| 144 | £70 pcm | £840 pa | |||
| 138 | £70 pcm | £840 pa | |||
| 145 | £70 pcm | £840 pa | |||
| 12 | £70 pcm | £840 pa | |||
| 13 | £70 pcm | £840 pa | |||
| Total | £5,395 pcm | £73,140 pa |
We have not had sight of any of the lease, service charge or tenancy documentation, copies of which will be available for inspection within the legal pack.
Live-Streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. . If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Brochures
Legal DocumentsTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
A Portfolio of 7 Apartments, The Hicking Building, Queens Road, Nottingham, NG2 3BX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nottingham Station0.2 miles
- Station St Tram Stop0.2 miles
- Lace Market Tram Stop0.5 miles
About the agent
Bond Wolfe, Bond Wolfe A
75-77 (First Floor) Colmore Row, Birmingham, B3 3AP
As the UK's #1 live-streamed property auctioneer with 40 years in business, we have built a reputation for being the quick and secure way to sell your property. Our team of experts brings over 500 years of combined experience, ensuring that you receive the best possible service and the most accurate valuation of your property. Whether you're looking to sell your home, investment property or commercial property, Bond Wolfe is here to help. Our live-
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 244837. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, Bond Wolfe A. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Bond Wolfe, Bond Wolfe A on 0121 387 6767.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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