2 bedroom apartment for sale

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £95,000

Immediate ‘exchange of contracts’ available Being sold via ‘Secure Sale’

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Tenanted until August 2025 generating a monthly rent of £1200pcm this is ideal for an investor looking for an already tenanted property or first time buyer.

Located within 10-minute walk of Nottingham's City Centre, this fantastic light and airy two double bedroom apartment is ideal for City workers or those that enjoy Nottingham's nightlife.

The property boasts a generous sized open plan living space with high ceilings, large warehouse style windows and exposed brickwork; kitchen with modern units and appliances and plenty of storage and worktop space; two double bedrooms, master with en-suite shower room and main bathroom with shower over bath.

The Cigar Factory is located just off Derby Road, within five minutes' walk of Nottingham City Centre. The area is well served by a variety of shops, pubs, restaurants, and takeaways.

Underground parking included for one car behind remote controlled electric gates.

Viewing highly recommended.

Please additionally note the apartment is within a Grade II listed building.

Council: Nottingham City Council

Council Tax band: C

EPC Rating: C

Service charge: half-yearly charge for both apartment and car park £1,252,69

Lease length: 999 years from 2002

Ground rent: £125 per 6 months

Please note the current owner has provided all above figures.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.