2 bedroom terraced house for sale

Alfreton Road, Nottingham

Sold STC £150,000

Property Description

Key features

  • Two Retail Units
  • Two Duplex Flats Above
  • Expected Income 18,150 p/a
  • Situated on a popular A-Road
  • Outskirts of the City Centre

Full description

Tenure: Freehold

This property is being sold via modern method of auction. Starting Bid Price £150,000 plus Reservation Fee. An opportunity acquire two retail units with two tenanted flats above on this popular main road on the outskirts of the City Centre. Currently generating an expected rental income of £18,150 per annum.

31 - Ground Floor retail premises. Approx 210 square feet with w.c. kitchen and rear lobby. Currently under application for a lease at £450pcm

31a - First floor duplex flat. Living/Kitchen (11' 01" x 10' 08") with fitted kitchen, ceramic tiled floor and window. Shower room and landing with stairs to the bedroom (11' 01" x 10' 08"). Currently let for £350pcm on an AST until 04/07/2019.

33 - Ground Floor Retail Premesis Approx 210 square feet with w.c. and kitchen. Currently let for £350pcm on a fixed term agreement until 14/02/2019.

33a - First floor duplex flat. Living/Kitchen (11' 01" x 10' 08") with fitted kitchen, ceramic tiled floor and window. Shower room and landing with stairs to the bedroom (11' 01" x 10' 08"). Currently let for £365pcm on a periodic agreement.

 

AUCTIONEERS COMMENTS This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% plus VAT subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by The Central Midlands Property Auction powered by iam-sold Ltd. TO VIEW OR MAKE A BID - Contact "Martin & Co" or visit: http://www.centralmidlandspropertyauction.co.uk/  


Listing History

Added on Rightmove:
11 September 2018

Nearest stations

  • Nottingham Trent University (0.4 mi)
  • High School (0.4 mi)
  • Royal Centre (0.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Martin & Co, Nottingham - Lettings & Sales

57 Friar Lane, Nottingham, NG1 6DH

0115 798 0562 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Nottingham Trent University (0.4 mi)
  • High School (0.4 mi)
  • Royal Centre (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Martin & Co, Nottingham - Lettings & Sales

57 Friar Lane, Nottingham, NG1 6DH

0115 798 0562 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100658007490. 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 Martin & Co, Nottingham - Lettings & Sales. 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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*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 Martin & Co, Nottingham - Lettings & Sales on 0115 853 3230.


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