7, Grimsby Terrace, NOTTINGHAM, Nottinghamshire, NG3 1DN

IMPORTANT ANNOUNCEMENT UPLOADED
THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT THIS HAS BEEN ADDED TO THE LEGAL PACK.
IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.
Announcement
Please see the UPDATED “ANNOUNCEMENT” on the Legal Docs.
There are revised special conditions of sale for this lot, copies of which are available from the Auctioneers website and a copy will be attached to the contract
‘The current tenancy runs from August 2023-2024 with a rental income of £38,750. A new tenancy agreement for August 2024-2025 has been signed, with a rental income of £38,750. A copy of both tenancy agreements is included within the legal pack.’


A five-bedroom, three storey investment property, being sold with tenants in-situ
Rental income of £38,750 (a copy of the tenancy agreement is available within the legal pack)
Tenancy start date: 28/08/2023. Tenancy end date: 12/08/2025

Description
A three storey, five-bedroom mid terrace property, offered for sale as an investment opportunity with a rental income of £38,750. The current tenancy agreement runs from 28th August 2023 to 12th August 2024 and is currently operating at full occupancy. The property is located centrally and is a perfect rental property for students and professionals. There is an array of restaurants, retail shops, bars and railway and bus links close by. Grimsby Terrace is a perfect location for a rental property of this type. The accommodation comprises; an entrance hall, kitchen, living room, 5 bedrooms, 3 shower rooms. This is a superb opportunity to acquire an investment property, receiving an immediate income on completion.

Accommodation
Ground floor: entrance hall, kitchen, living room, bedroom, shower room.
First floor: two bedrooms and two shower rooms.
Second floor: two bedrooms.
Outside: a gated/fenced front garden. A private and secure garden to the rear.

EPC: A

Council Tax Band: C

Tenure:
Freehold

Viewings:
William H Brown, 20 Upper Parliament Street, Nottingham, NG1 2AG.
Tel: 01159 587766. Email: nottingham@williamhbrown.co.uk


Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.