4 and 4B Bourne Street, Netherfield, Nottingham NG4 2FH

An investment opportunity for two ground floor flats in a sought after residential location with high demand locally for BTL properties and within walking distance of Netherfield's busy high street.

Flat 4 is let at £575 per calendar month
Flat 4B is let at £465 per calendar month

Total income of £1,040 per calendar month - £12,480 per annum

999 year lease
£0 service charge
£0 ground rent

Flat 4 - The property in brief comprises of kitchen/lounge, double bedrooms and bathroom.

Flat 4 B - The property in brief comprises of an entrance hall open to the lounge / bedroom area, a modern kitchen and shower room. A further benefit is the external shed for storage.

There is good access to the city centre of Nottingham via public transport and road network and the property is close to a wide range of local amenities and shops

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.