INVESTMENT OPPORTUNITY - gross income of £29,000 PA
This four bedroomed three storey home is situated within walking distance to the city centre.
The accommodation comprises if lounge/diner, kitchen and four bedrooms complemented with a bathroom with shower to the first floor.
The property is double glazed and gas centrally heated, it is occupied with gross income at £29000 per year.
Cromwell Street is within walking distance to the city centre which has a host of amenities including shops, eateries and places of historic interest such as Nottingham Castle. Nottingham has a train and tram station and regular buses servicing the area.
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 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the Partner Agent will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.
Lounge 3.35 x 3.68
With laminate flooring and double glazed window over looking the front aspect
Dining Area 1.38 x 3.78
With radiator and double glazed window to the rear.
Downstairs WC With low level w.c
Kitchen 3.67 x 1.82
The kitchen is fitted with matching base and wall units having rolled edge work surfaces incorporating a stainless steel sink and drainer unit with mixer tap. There is a double glazed window to the side and rear. extractor fan and radiator. Double glazed door leading outside
Landing Bedroom 3.68 x 2.29
Laminate flooring, radiator and double glazed window
Bedroom 3.18 x 3.66
Radiator and double glazed window
Bathroom 1.50 x 1.90
The bathroom has a three piece suite with shower cubicle, low level w.c and pedestal wash hand basin. There is a radiator and ceramic floor tiles.
Second Floor Bedroom 3.34 x 3.29
Laminate flooring, radiator and double glazed window
Bedroom 3.69 x 3.68
Laminate flooring, radiator and double glazed window
