2 Synge Close, Nottingham, NG11 8QL

3 bedroom mid terraced house in Nottingham

Guide price*

£89,000+

Plus fees

Sold for £95,000

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Lot 136 Residential Investment
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Auction details:

Thursday 16th May 2024 @ 08:30AM

A Freehold Residential Investment Property with C4 Planning Consent, in popular residential/student location, within easy reach of Nottingham City Centre BEING OFFERED ON BEHALF OF THE JOINT FIXED CHARGE RECEIVERS

Property Description

A three bedroom mid terraced property, standing back from the road behind a driveway and fore garden, with modern internal presentation. The property benefits from a C4 (House in Multiple Occupation) planning consent.

Location

Located in the popular area of Clifton, which benefits from excellent transport links into Nottingham City Centre, approximately 5 miles to the north-east, via regular bus and tram services. The Clifton South park and ride tram stop is a short distance from the property, providing access to the centre within circa 20 minutes. The area is popular with students, with the modern Nottingham Trent University Clifton Campus, with a community of approximately 8,000 students, being 1 mile distant.

Accommodation

Ground Floor: WC with wash hand basin, Two Reception Rooms, Kitchen.
First Floor: Landing, Three Bedrooms, Bathroom/WC.
Outside: Driveway, Gardens.
The property benefits from having a gas fired central heating system and double glazed uPVC windows.

Energy Performance Rating

C.

Council Tax Band

A.

Tenure

Freehold – Subject to the existing tenancies.

Auctioneer's Note

At the time of going to print, the Auctioneers were unable to inspect the bedrooms.
Please note offers may be considered prior to the Auction Sale.

Viewings

Strictly by appointment with the Auctioneers.

Tenancy

We understand the tenancy position to be as follows:-
Term Rental
Room 1: £455 pcm (£5,460 pa.)
Room 2: £485 pcm (£5,820 pa.)*
Room 3: £400 pcm (£4,800 pa.)
Total Gross Rental Income: £1,340 pcm (£16,080 pa.)
*Tenant has confirmed they will be vacating the property by 19th May 2024.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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