1 bedroom flat for saleApartment 7 Lanchester Gardens, Talbot Road, Worksop, S80 2PN
Guide Price* £27,000
- One bedroomed ground floor apartment
- Currently let producing circa £3,600 per annum
- Popular residential location
- EPC Rating: tbc
For sale by auction on Thursday 3rd November 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11:30 am
Ground floor one bedroomed flat, currently producing a rental income circa £3,600 per annum.
One bedroomed ground floor flat in a modern block close to a wealth of amenities available in Worksop town centre. The property is currently tenanted, producing a rental believed to be circa £3,600 per annum.
The auctioneers have not inspected the property but believe it to comprise:
We believe the flat has a long term lease of 999 years from 1 September 2005 at a ground rental of £150 per annum.
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction day. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary.
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*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.
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 SDL Graham Penny, Nottingham on 01159 588702.
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