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Westgate Street, Nottingham, East Midlands, NG3 3GA

Guide Price
£140,000
Added on 10/05/2021
Austin Gray, Auction House Sussex

Property description

Tenure: Please confirm if this is a freehold or leasehold property with Austin Gray

Withdrawn

**For Sale By Auction on Thursday 10 June 2021**

*Guide Price £140,000-£150,000

Freehold Ground Rent Investment on 12 houses producing £8796 pa Review 2023.

description


An unusual opportunity to acquire the freehold of 12 long leasehold modern homes, built around 2007/08

Each Lease is for 125 years from 1 July 2008.

Total current income is £8,796 pa (ie £733 per property -collected half yearly)

Rent review clause is every 5 years reviewed to the higher of the RPI or HPI. Upward only.

Next Review July 2023

Freeholder Insures

Full repairing leases

Original rent was £594 pa per house at commencement.

We understand all houses are 3 bedrooms with car spaces.

Westgate Street, Nottingham, East Midlands, NG3 3GA

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lace Market Tram Stop0.9 miles
  • Royal Centre Tram Stop1.0 miles
  • Nottingham Trent University Tram Stop1.0 miles
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About the agent

Austin Gray, Auction House Sussex

Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH

Auction House Sussex are one of the largest property auctioneers in the South East of England. Run by Austin Gray, we have been auctioneers since 1987 and hold regular auctions throughout the year, incorporating all types of residential and commercial property, development sites, land and garages. We cover the whole of Sussex from Chichester in the west to Rye in the east, and north to Horsham and Crawley; we sell lots in Brighton, Hove, Worthing, Eastbourne and Hastings, and deliver a consis

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Disclaimer - Property reference 138109. 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 Austin Gray, Auction House Sussex. 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 Austin Gray, Auction House Sussex on 01273 839132.

*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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