Hicking Building, Nottingham, NG2

FOR SALE BY THE MODERN METHOD OF AUCTION

Guide Price ?145,000

Great Buy to let investment - currently rented at ?950 pcm

An excellent property for CITY LIVING in a prime location of Nottingham City Centre by the Train Station. Only a short distance away is also Trent Bridge & West Bridgford. Below the building is a secure car park with one allocated parking space for the property. Comprises of an OPEN PLAN LIVING/ DINING/ KITCHEN, two DOUBLE BEDROOMS with an EN SUITE to the master, bathroom and a BALCONY. Can be sold with either vacant possession or with tenant in situ ( currently paying ?950 pcm). EWS1 certificate in place.

AUCTIONEERS COMMENTS
Disclaimer

Opal Auctions or their Agents for the seller of these Lots give notification that any particulars contained within the website are prepared to the best of their knowledge and all potential buyers should carry out their own due diligence. Any amendments to the particulars that Opal Auctions are aware of will be published on the live Opal Auction platform.
Remote Bidding Auction
Please note that the Auction will be on our 24/7 live auction platform with live Internet by Proxy Only. You must pre-register to bid for each auction within a minimum of 24 hours of the auction commencing.
Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. You are able to submit an offer ?Buy it Now? which we will forward to the vendor. The guide price and reserve price can be subject to change at any time up to and including the auction day please make sure you read the particulars on the auction platform and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction

When buying a property at our auction the sale is treated as a Conditional Sale, on the fall of the auctioneer's gavel you will pay a 2% reservation fee and sign the Memorandum of Sale and Exchange Contracts 28 days later, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each Lot is subject to Buyers Premium of 2% of the sale price subject to a minimum fee of ?4,000, payable on the fall of the gavel/at the end of the online auction.
Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must carry out their own due diligence. The legal packs and further information about buying at auction are available on the Opal Auction's website.
* 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.


Communal Entrance
Fob entry system & intercom into block 2. The apartment is located on the fourth floor and can be accessed either via the lift or staircase.

Apartment Hall
Neutral carpet, airing cupboard, storage cupboard and a wall mounted electric heater.

Open Plan Living Room & Kitchen 6.82m (22' 5') x 3.73m (12' 3') max
Full height window with blinds to the rear aspect, single door with blind leading out to the balcony, two wall mounted electric heaters, wall lights and laminate flooring in the lounge area.
The kitchen area is fitted with a range of wall and base units with work surfaces over, built in oven, hob, extractor fan, integrated dishwasher, integrated washing machine, integrated fridge freezer, one and half sink/ drainer with mixer tap and tiled flooring.

Bedroom One 5.90m (19' 4') x 2.70m (8' 10')
Full height windows with blinds to the rear aspect, neutral carpet, built in wardrobe with mirror fronted sliding doors and a wall mounted electric heater.

En Suite 2.14m (7' 0') x 1.51m (4' 11') max
Shower cubicle, wall hung wash hand basin, concealed cistern WC, part tiled walls, tiled flooring, chrome heated towel rail, shaving point, shelf & mirror.

Bedroom Two 3.94m (12' 11') x 2.78m (9' 1')
Full height windows with blinds to the rear aspect, neutral carpet and a wall mounted electric heater.

Bathroom 1.97m (6' 6') x 1.72m (5' 8')
Bath with shower attachment over, wall hung wash hand basin, concealed cistern WC, mirror, part tiled walls, tiled flooring, floating shelf, shaving point, extractor fan and recessed spot lights.

Balcony
Accessed from the lounge is a paved private balcony.

Leasehold Details
There is currently 106 years remaining on the lease. The lease was originally a 125 year lease from 1/1/2004.
Ground rent of ?250 is payable annually.
Maintenance charge for the period 1/7/22 - 30/6/23 - ?2042.