7b Waverley Street, Arboretum, NG7 4HF
- PROPERTY TYPE
Block of Apartments
- SIZE
3,419 sq ft
318 sq m
Key features
- Residential investment opportunity.
- Six self-contained, fully refurbished flats.
- One flat (Flat 3) is already sold on a long lease.
- Five flats are vacant.
- Close to Nottingham city centre & Nottingham Trent University's City Campus.
Description
The property is located on Waverley Street, approximately one mile northwest of Nottingham city centre, and approximately 0.2 miles northwest of Nottingham Trent University's city campus.
The property also sits adjacent to the NET tram network / stops, for easy access to Nottingham city centre and its wider conurbations, with the property additionally being adjacent to the Arboretum Park.
DESCRIPTION:
The property comprises a three storey, semi-detached property which has been converted into six, one bedroom self-contained flats.
Five flats are vacant and have recently gone under full refurbishment ready for immediate tenant occupation.
One flat is already sold on a long lease.
TENURE:
The building is to be sold on a long leasehold basis, with Nottingham City Council retaining the freehold. Flat three has been sold on a long leasehold basis with 103 years remaining on the lease
The lease will be for a term of 999 years from completion subject to a peppercorn ground rent and will include the following conditions;
- Any remaining work is to be completed to the satisfaction of the council within a set timetable.
- Within three months of practical completion of any works, the property should be occupied.
- The properties cannot be used as a House in Multiple Occupation.
WARRANTY ON EXISTING WORKS:
Nottingham City Homes or any third party are not able to provide any warranties in relation to any work already undertaken.
METHOD OF SALE:
The property is available by way of a private treaty sale.
PRICE:
The long leasehold is available to purchase at a guide price of:-
£825,000
VAT:
Vat is not applicable to the purchase price.
ANTI MONEY LAUNDERING:
To meet Anti-Money Laundering regulations, two forms of ID and confirmation of the source of funding will need to be provided by the successful purchaser.
VIEWINGS & FURTHER INFORMATION:
To view the property and for further information in respect of the sale, please contact the sole selling agents below.
CLICK LINK BELOW FOR BROCHURE
Brochures
BROCHURE- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
7b Waverley Street, Arboretum, NG7 4HF
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Visit our security centre to find out moreDisclaimer - Property reference 7b-Waverley-Street. 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 heb Property Consultants, Nottingham. 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.
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