Flat for sale in Nottingham, Nottinghamshire NG7

From £500,000
Interested in this property? Call +44 115 774 8826 * or Request Details

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Flat for sale - 8 bedrooms 8
Tenure: Not available Council tax band: Not available

Property features

  • For sale by modern method of auction
  • Unique investment opportunity
  • Outline planning approved
  • Close to nottingham city centre
  • Four units
  • £26,000+ annual income

Property description

Sold by Modern Method of Sale

Unique investment opportunity. Located close to Nottingham City Centre and only a short walk to the tram network.
For Sale are four individual units three 2 bedroom house and a Two bedroom coach house. All are currently rented out with an annual income of £26,100.
The site has also currently got planning permission for a block of seven apartments. This could be reviewed to increase the number of units(Subject to Planning approval) The planning application can be found on Nottingham City Council Planning portal under ref. 20/00715/pout.
Forest Fields is ideally situated being close to Nottingham city centre and having the advantage of the tram.

The forest recreation grounds are close by and offer outdoor space with amenities such as the park and ride, football and cricket pitches and has recently benefitted from a five million pound lottery investment.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Property info

Floorplan(s): Floor-Plan 45,47.49

Floor-Plan 45,47.49 View original

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For more information about this property, please contact
Frank Innes - Nottingham Sales, NG1 on +44 115 774 8826 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Frank Innes - Nottingham Sales, and do not constitute property particulars. Please contact Frank Innes - Nottingham Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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