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House For Sale £170,000
Colborn Street, Nottingham, Nottingham NG3


Description
*** modern method of auction ***

** 4 bedroom detached ** ideal for investment ** ( subject to conditions, see agents note)

This four bedroom detached house is located just off the Wells Road so is a fantastic location for transport links and easy access into the city centre.

Call the Leaders sales team for more information and to book your viewing on .

Agents note:- The property currently has four separate tenants in-situ that rent out their rooms individually. The current owner receives a yearly income of £16,500 gross per annum.
9.7% yield. The current HMO has been granted an extention until 31st December 2021. An appeal is ongoing with this for future extension, please speak with Auction specialist for more information.

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.

Follow the link for more information:
        
zoopla.co.uk

  
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