For sale by our joint auctioneers NALC Auctions in their 15th December auction, online or in person at our Newark office at 5pm
For sale by Auction – Terms & Conditions Apply, Enquire for more details.
Considering offers prior to auction.
First Floor Flat -Leasehold Investment
Very Close to the A60 and Forrest Recreation Grounds this property is surrounded by all necessary amenities. Bus routes will take you directly to the city centre. Nottingham is a city and unitary authority area in Nottinghamshire, East Midlands, England. It is located 110 miles (180 km) north-west of London, 33 miles (53 km) south-east of Sheffield and 45 miles (72 km) north-east of Birmingham.
Large reception room, Kitchen, Hallway, Large Bedroom, Bathroom, WC.
Purpose built block with lift, locked entrance, answer bells, parking and well maintained grounds.
Achieving £5700 P.A
Council Tax Band:
Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition a buyer’s premium of £ 4,000 + VAT upon exchange of the contract.
Please feel free to contact our sales and enquiries team on 02070789755 or Email us at firstname.lastname@example.org
Important Notice to all Buyers & Bidders
• A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
• Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
• The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction.
• All guide prices are quoted "subject to contract".
• Please note the guide price for the Lot does not include:
- any Buyers' Fee charged by the auctioneers;
- VAT on the sale price;
- SDLT or any other Government taxes;
- additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
• The reserve price is the minimum price at which the Lot can be sold.
• Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.
• Buyers should note that some sellers will require the buyer to contribute towards the sellers costs. This information is always shown within the individual Special Conditions of sale for each lot where applicable. Buyers/bidders at the auction will be expected to bid and purchase in full knowledge of this information, which is readily available from within the legal pack or upon request from the auction team present.
• The buyer of each lot is deemed to purchase with full knowledge of the important notice to bidders, the Common Auction Conditions where applicable, the special conditions of sale and the addendum – Please do your due diligence, it is your responsibility to be fully aware of additional fees and charges. If you are unsure, please continue reading.
• The purchaser of each lot is deemed to have inspected the property and have verified the accuracy of all information given in the particulars including the extent of the premises to be sold.
• Additionally, the purchaser is deemed to have read the legal documentation.
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• A 2% buyers’ premium fee shall be set and agreed by the auctioneer at the time of sale subject to a minimum of £5000+VAT, payable by the buyer to the auctioneer. The buyer’s premium is payable in addition to the sale price (hammer price) and becomes payable upon either the signing of the memorandum by the buyer and the auctioneer or by the auctioneer if empowered to do so, irrespective of whether the sales proceeds to completion or not. The buyer’s premium fee is non-refundable in any circumstances.
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• Please note that vendors may require a supplementary amount to be paid by the purchaser to the vendor over and above the purchase price. Please check the special conditions of sale to ascertain whether this applies to the property for which you are bidding.
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• The following amendments to the catalogue particulars and conditions of sale should be noted:
• Copies of the Special Conditions of Sale for each Lot are available from the Auction enquiries team and will be attached to the contracts.
• Revisions to guide prices printed in the catalogue are available upon application.
• On the fall of the gavel a legally binding contract is created. A representative from London City Auctions will contact each successful bidder to complete a Buyer’s form. They will then sign the Memorandum of Contract and pay the deposit.
• A 10% deposit transfer or a personal debit card (minimum of £5,000 if property sells below £20,000) will be required together with identification: UK photo card driver’s license or a passport.
• There will be a legal pack fee charged to successful buyers of £500+VAT where applicable.
• In the event of a Lot being unsold, prospective purchasers are advised to immediately register their interest with the Auctioneers, by coming forward to the Auctioneers and speaking to one of the team.
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