Virtual Viewing

Smite Court, Nottingham, NG7

Guide Price £60,000

2 beds
1 baths

or call 0115 926 4500

Paul Unwin

Nottingham

nottingham.sales@leaders.co.uk

Key Features

FOR SALE BY ONLINE AUCTION
6 WEEKS’ COMPLETION
Ground floor flat
2 bedrooms
Leasehold
Investment potential

Description

A 2 bedroom ground floor apartment with secure entry system, located at the end of cul de sac providing good access to Nottingham City centre, Nottingham and Bulwell stations as well as the M1 Motorway. Ideal letting investment with long term tenant in excess of 10 years and a current rent of £600 PCM, gross yield 12.00% PAX.; Service Charge: 576 ; Ground Rent: 10

Auction
To be sold by online auction on Wednesday 31st July 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession
Lease
125 years from 29 September 1989 - 89 years remaining
Tenancies
Let on a periodic AST at £600 PCM. Please see legal pack for further details.
Ground rent and service charge
Ground rent £10 PAX, service charge £624 PAX. Please see legal pack for further details.
EPC rating
C
Council tax band
A - Nottingham
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendors solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Guide prices
Guide Prices are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Handy Information

EPC
unknown Rating
Council Tax BANDS
£127.45 per month
Broadband Speed
48 mbps

Useful Tools

Calculate stamp duty online

I am a first time buyer or I am purchasing a property to replace my main residence.

Notes

The stamp duty calculator presumes that none (or part) of the property qualifies as mixed-use for which the current SDLT would be 3%.

Please note that this tool is an indicator only, your solicitor or tax consultant will advise you as to the actual stamp duty land tax that must be paid on completion.

All calculations are correct as of 1st October 2021, which are subject to change at any time

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