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Forest Road West, Nottingham, Nottinghamshire, NG7

Guide Price
£125,000
Added on 12/07/2021
Nottingham Property Plus, Nottingham
PROPERTY TYPE
Semi-Detached
BEDROOMS
x2
BATHROOMS
x2
SIZE
1,435 sq. ft.
(133 sq. m.)

Key features

  • 2 x 1 BEDROOM FLATS
  • FIRST & SECOND FLOOR ACCOMODATION
  • SPACIOUS ACCOMODATION
  • RENOVATION OPPORTUNITY
  • 1435 SQFT OF ACCOMODATION
  • CLOSE TO CITY CENTRE
  • CLOSE TO NOTTINGHAM HIGH SCHOOL
  • Closing date for offers - 12 noon on Wednesday 23rd August 2021

Property description

Tenure: Leasehold

First and second floor accommodation in a late Victorian solid brick and slate, semi-detached, three-storey property comprising two spacious and independently accessed self-contained one bedroom flats. The properties require modernising throughout but offer a fantastic opportunity in one of Nottingham's most vibrant and 'up and coming' re-development areas. The properties are within walking distance of the NET Tramline, Nottingham High School, City Centre and University.

Access is gained to the front of the property via an open fronted storm porch. The communal front door leads through into an internal entrance corridor where stairs rise to first floor level. The property consist of the following accommodation.:

Ground floor level - Long lease with 92 years remaining with a ground rent of £10 per annum. £10,000 cap on recharges for external / communal area works (in the first 5 yrs)

First floor level - 727 sqft - A self-contained one bedroom flat consisting of a central corridor leading to a reception room with bay window overlooking the front aspect of the property, a spacious double bedroom, a kitchen and a bathroom.

Second floor level - 708 sqft - A self-contained one bedroom flat consisting of a central corridor leading to a reception room with window overlooking the front aspect of the property, a spacious double bedroom, a kitchen and a bathroom.

Outside Areas

Pedestrian access to the front

Location

Located to the West of the Arboretum Park the properties are ideally positioned close to Nottingham High School, Nottingham Trent University and Nottingham City Centre and associated shops and restaurants are just 0.5 miles to the south. The properties are just a 5 minute walk from the NET Tram stop and also have fantastic road and public transport links to the wider City, ring road and M1 motorway. The Arboretum Area is now witnessing significant and quality re-development by local authority and private landlords.

Planning Policy

Nottingham is an Article 4 direction area and the immediate vicinity of Forest Road West is designated as an area of Archaeological Constraint under the Local Plan. The properties are not listed but are within a conservation area. The effect of these various allocations is that the Planning Authority will be more strict in their consideration of any works or additions to be undertaken to the property, and use as a multi-let/bed sit accommodation will not be permitted (such uses will be restricted within the lease in any case - further explained below).

Tenure

The properties are located within the Council's 'Multiple Occupation Restraint' area (also applied to other areas of the City) and are not to be redeveloped for student accommodation.
With a view to supporting the regeneration vision of balancing the tenure and occupier mix in the Arboretum Area to improve the quality and duration of occupation by households, a 999 year ('virtual freehold') interest will be sold which will include the leasehold property on the ground floor. The lease will include a covenant limiting their use to RESIDENTIAL USE ONLY by single occupiers or persons living together, as a family, within the individual units. The Purchaser is to undertake the attached comprehensive scheme of works within 12 months of completion of the property transfer.

Viewing

Strictly by prior appointment with Nottingham City Council.
Viewing can be arranged by calling Tom Fisher

Price
Guide Price £125,000

Method of Sale

The site is to be sold by Informal Tender. Your offer and supporting information should be presented in the following format by;

12 noon on Monday 23rd August 2021

**See brochure for more information**

Brochures

Our VisionBrochure 2

Forest Road West, Nottingham, Nottinghamshire, NG7

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • High School Tram Stop0.1 miles
  • The Forest Tram Stop0.3 miles
  • Noel St Tram Stop0.4 miles
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Market information
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About the agent

Nottingham Property Plus, Nottingham

Loxley House, Station Street, Nottingham, NG2 3NG

Nottingham Property Plus, Nottingham

Property Plus is the trading name for Nottingham City Council’s Strategic Assets and Property Directorate. Property Plus manage and let the Council’s largest commercial portfolio and sell and let surplus operational property assets - a vast variety of property types! If you’re looking to rent or buy in Nottingham, Property Plus should always be your first port of call”

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