12 Tavistock Court, Carrington, Nottingham, NG5 2EH

Studio Apartment, 12 Tavistock Court, Carrington, Nottingham, NG5 2EH

Overview

Hammer Price Homes are pleased to present for sale by online auction this vacant & chain free, 1^st floor studio apartment in the Tavistock Court residential complex in Carrington.

The accommodation briefly comprises: Entrance hallway leading to a bathroom and an open plan studio living space.

Whilst the property is in need of some modernisation, it is presented in fair condition and would make an ideal purchase for a buy to let investor as it is close to local amenities and the University.

To view this property please visit the Hammer Price Homes website and register your details.

Location

Tavistock Court is situated on Mansfield road offering a wide selection of local amenities including shops, restaurants and bars. The centre of Nottingham is easily accessible via regular bus services and offers a wider selection of amenities that you would expect from a bustling City Centre. Nottingham Trent University is just over a mile away making this a popular area for students.

Auction Details

** Open to mortgage buyers also. 90 Days to complete and no deposit payable**

Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £2,400 Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.

To view the property you must register and book on one of the open days as detailed on the website. (Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Lists close 24 hours before the open day starts so book in plenty of time.)

Auction ends – Wednesday 19th September 2018 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday 17^th September 2018 (Please note bidding won’t be possible until this time)

Starting price – £20,000 (Reserve price is higher & unpublished)

Other Information

Tenure : Leasehold (985 years remaining)

Ground Rent : £125 per annum for the first 25 years, increasing every 25 years.

Maintenance Charges : The landlord shall prepare an estimate of the Estate Management costs in respect of each calendar year. We believe this figure to have been around £600 for the period 01/07/2017 – 30/06/2018.

For more information on the ground rent and maintenance charges, please view the lease documentation on the Hammer Price Homes website.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed and the buyer honoured to pay it. Should the buyer withdraw then they may have to forfeit the reservation fee.

Please read the buyer terms and FAQ’s on the site for more details.

This property is being sold as part of a deceased estate with vacant possession and is sold as seen. The administrator and solicitor to the estate