Oxford Street, Long Eaton, NG10

FOR SALE BY AUCTION 30TH JANUARY 2024

WELL PRESENTED AND SPACIOUS, FREEHOLD END-TERRACED PROPERTY THAT HAS BEEN CONVERTED INTO THREE SEPARATE, SELF CONTAINED FLATS WITH THE GROUND FLOOR PROPERTIES HAVING ACCESS TO THE GARDEN, BEING SOLD WITH THE BENEFIT OF NO ONWARD CHAIN AND VACANT POSSESSION. Robert Ellis are pleased to be instructed to market this freehold end-terraced property that has been converted into three self contained flats with fire doors fitted throughout and being sold with vacant possession. To the ground floor there is a one bedroom flat with use of the garden space and potential to create off street parking. To the first floor, there is a two bedroom flat and to the second floor, a studio flat. All of these properties require a parking permit for the on street parking located at the front of the property, paid for by the tenant and supplied by Erewash Borough Council. This is a fantastic investment opportunity with the flats currently generating ?15,000 per annum with rents that could be increased. This property is being sold with the benefit of no onward chain and is recommended that prospective buyers take an internal viewing.The property is classed as HMO but does not need a license only a periodic inspection by Erewash Borough Council where the owner is required to supply gas safety Inspection Certificates where applicable, electrical safety certificates, confirmation of Fire Alarm & emergency lighting inspection and maintenance visits. All smoke and heat detectors and emergency lighting and alarm sirens are hard wired. This property benefits from electric heating throughout. Disclaimer - the floorplan shown is based on the ground floor only and may differ from other flats within the property.Located in the popular residential town of Long Eaton, close to and within walking distance to a wide range of local schools, shops and parks with supermarkets and healthcare facilities on the doorstep. There are fantastic transport links including nearby bus stops and easy access to major road links such as the M1, A50 and A52 to both Nottingham and Derby with East Midlands Airport and local train stations just a short drive away.

8a Kitchen

uPVC double glazed window overlooking the rear with door to the rear, wall and base units, integrated oven with electric hob and overhead extractor fan, space for washing machine, space for fridge/freezer, pantry, painted plaster ceiling, ceiling light.

8a Bathroom

WC, pedestal sink, bath with shower over the bath, built in storage cupboard housing the boiler, wooden flooring.

8a Lounge

uPVC double glazed window overlooking the rear, electric fire and electric storage heater, carpeted flooring, painted plaster ceiling, ceiling light.

8a Bedroom

UPVC double glazed window to the front, electric storage heater, built in cupboard, carpeted flooring, painted plaster, ceiling light.

8b Kitchen

uPVC double glazed window overlooking the rear, space for washing machine, painted plaster ceiling, ceiling light.

8b Lounge

uPVC double glazed window overlooking the rear, electric fire and electric storage heater, carpeted flooring, painted plaster ceiling, ceiling light.

8b Bedroom One

Double glazed window to the front, electric storage heater, carpeted flooring, painted plaster ceiling, ceiling light.

8b Bedroom Two

UPVC double glazed window to the front, electric storage heater, carpeted flooring, painted plaster ceiling, ceiling light.

8b Bathroom

A white three piece suite comprising of a panelled bath, low flush w.c., pedestal wash hand basin, tiled walls and splashbacks, electric shower and UPVC double glazed window to the side.

8c Lounge

UPVC double glazed window to the front, door to storage in the eaves with plumbing for the washing machine, carpeted flooring, painted plaster ceiling, ceiling light.

8c Kitchen

Wall, base and drawer units with roll edged work surface over, stainless steel sink and drainer, built-in cooker with electric hob, tiled walls and splashbacks and extractor fan.

8c Shower Room

Walk-in shower cubicle with electric shower over, wash hand basin and low flush w.c., tiled walls and splashbacks.

Additional Information

Electricity Mains supplyWater Mains supplyHeating Electric heatingSeptic Tank NoBroadband BT, SKY AND VIRGINBroadband Speed - Standard18 mbpsSuperfast72 mbpsUltrafast1000 mbpsPhone Signal O2, EE, THREE AND VODAFONE Sewage Mains supplyFlood Risk No, surface waterFlood Defenses NoNon-Standard Construction NoAny Legal Restrictions NoOther Material Issues No

Outside

There is car access to the rear of the property and a parking space for Flat 8A. Flat 8B and 8C require a parking permit for on street parking to the front which the tenant is liable to pay for from Erewash Borough Council. Flat 8a also has access and use of the rear garden.

Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).Binding contracts of sale will be exchanged at the point of sale.All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply: 5% deposit (subject to a minimum of ?5,000) Buyers Fee of 4.8% of the purchase price for properties sold for up to ?250,000, or 3.6% of the purchase price for properties sold for over ?250,000 (in all cases, subject to a minimum of ?6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price and Reserve

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

SDL Link

https://www.sdlauctions.co.uk/property/45680/block-of-apartments-for-auction-nottingham/

FOR SALE BY AUCTION 30TH JANUARY 2024WELL PRESENTED AND SPACIOUS, FREEHOLD END-TERRACED PROPERTY THAT HAS BEEN CONVERTED INTO THREE SEPARATE, SELF CONTAINED FLATS WITH THE GROUND FLOOR PROPERTIES HAVING ACCESS TO THE GARDEN