1 & 3 Elm Avenue, Nottingham, Nottinghamshire, NG3 4GF
- Conditional Online Auction Sale
- Guide Price* : £650,000
- Bedrooms: 14
- Bathrooms: 6
- Reception Rooms: 7
MODERN AUCTION PROPERTY - T&C's and Buyers Fees Apply - Blockland and Brookvale Auctions are delighted to present this block of 7 apartments.
Description
An attractive opportunity to acquire two income-producing residential blocks in Nottingham, offering a mix of apartments and strong rental performance with further value-add potential. The blocks comprise 2 x three-bedroom apartments (currently configured and operating as compliant HMOs), 3 x two-bedroom apartments, and 2 x self-contained studio flats.
The portfolio generates a robust annual income of £85,728 with no rent arrears, providing immediate cash flow. While fully compliant, the properties would benefit from refurbishment, offering investors the chance to enhance rental levels and capital value.
Auctioneer Comments
Offered via the Modern Method of Auction through Brookvale Auctions.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Brookvale Auctions 0121 8204113 / Auction@brookvale.uk
Completion required within 56 days of reservation form being completed. (subject to mortgage, affordability and survey).
A non-refundable 4% + VAT Reservation Fee (Or a minimum of £5000 + VAT) is payable in addition to the purchase price and is included in Stamp Duty calculations.
All bidders will be required to complete ID and Anti-Money Laundering (AML) checks via Landmark Compliance or Credas.
Buyers will need to provide proof of funds and carry out their own due diligence
Subject to an undisclosed Reserve Price. Starting Bid and Reserve may change
The Partner Agent or Auctioneer may recommend third-party services. You are not obliged to use them and should consider alternatives. If you choose a recommended service, the Auctioneer or Partner Agent may receive a referral fee, which will be disclosed to you before you proceed.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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