Guide Price £50,000+ Plus Fees For sale by unconditional online auction, registration is now open. Bidding opens on 24/09/2025 10:00 and ends on 24/09/2025 12:50.
For sale by online auction on 24 September 2025 Apartment Two Double Bedrooms Tenanted £9,000 pa /15% Yield of Guide Allocated parking Great Commuting Links Close To City Centre
To be sold via auction, this modern apartment occupies a second floor position, and provides accommodation including; an entrance hall, an open plan kitchen dining/living area with patio doors opening to a Juliette style balcony, plus two bedrooms and a fitted bathroom.
Benefitting from double glazing, electric storage heating, and a security intercom entry system, the property also has one allocated car parking space.
Currently rented at £750pcm = £9,000 pa. This provides a yield of 18% of the guide price.
Situated in a popular location, the property is within easy reach nearby facilities including a number shops. There are excellent local transport links to the City Hospital, Queens Medical Centre and Nottingham city centre.
Lease Details: 125 years from 25 December 2005. 110 years remaining.
Viewing on request.
Tenure Leasehold
Terms
Legal Pack
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details). In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.
Registration Process To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Town & Country Property Auctions - London. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Town & Country Property Auctions - London for full details and further information.