Main Street, Newthorpe, Nottingham

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £190,000. An opportunity has arisen to purchase this investment property on Main Street Newthorpe, the building has been converted into two, one bedroom flats. Both properties are double glazed and gas centrally heated with the accommodation comprising of a ground floor flat having access to the front which leads to the lounge and open plan kitchen, bedroom to the rear with bathroom. French doors off the bedroom lead to the enclosed garden. The first floor flat has a private access to the rear with staircase leading to the first floor landing, off the landing there is access to the lounge, kitchen, bedroom and bathroom. Outside there is an enclosed garden. The property is fully occupied and has an income of £14,820 Per annum.

Ground Floor Flat
Lounge/Diner/Kitchen 6.22m (20'5") x 4.55m (14'11")
Door to the front elevation and double glazed window to the front elevation. Open plan living with the lounge/diner and re fitted kitchen. Central heating radiator. The kitchen area comprises of a sink unit with mixer taps and side drainer, set into work surfaces, a range of base and wall units, built in oven hob and extractor hood, space for fridge freezer and plumbing for automatic washing machine. Door leading to the bedroom.

Bedroom 3.89m (12'9") x 3.12m (10'3")
Double glazed French door leading to the rear garden. Walk in wardrobe. Central heating radiator. Access to the bathroom.

Bathroom 3.05m (10'0") x 2.69m (8'10")
Double glazed frosted window to the side elevation, white three piece suite comprising of panelled bath with shower over, pedestal wash hand basin and low flush wc. Tiling to the walls. Chrome heated towel rail.

First Floor Flat
Entrance
Having upvc door and staircase leading to the first floor landing.

Landing
Access given to the lounge, bedroom, kitchen and bathroom.

Lounge 3.33m (10'11") x 3.12m (10'3")
Double glazed window to the side elevation and central heating radiator.

Kitchen 3.05m (10'0") x 3.05m (10'0")
Double glazed window to the rear elevation, the re fitted kitchen comprises of a one and half bowl sink unit with mixer taps and side drainer inset into roll edge work surfaces, a range of white high gloss base and wall units, built in oven , hob and extractor hood. Plumbing for automatic washing machine. Tiled splash back areas.

Bedroom 5.28m (17'4") x 3.02m (9'11")
Double glazed window to the front elevation and central heating radiator.

Bathroom 2.44m (8'0") x 2.11m (6'11")
White suite comprising of a panelled bath with shower over, pedestal wash hand basin and low flush wc. Tiling to the walls. Double glazed frosted window to the side elevation.

Garden
Garden to the rea of the property mainly laid to lawn. Brick outbuildings.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price / Starting Bid.
These prices are subject to change.


Auctioneers Additional Comments
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.