MapStudio for sale
Key information
Features and description
- Tenure: Leasehold (240 years remaining)
- Modern Method Of Auction - T & C's Apply
- Reservation Fee Payable
- Investment opportunity
- City centre location
- Excellent transport links
- Sold with tenants in situ.
- Ground floor apartment
- Complimented by communal rooms such as Gym
- EPC Rating - D, Council Tax Band - C
Video tours
Modern Method of Auction - T & Cs Apply
This property making the perfect investment! being situated within one of the most prominent town centre locations the ease of access to everything could not be better, consisting of a Bedroom/Living Space, Storage room and a Shower Room this creates the perfect base for a student to settle themselves.
Benefitting from being on the doorstep of Nottingham Trent University and being surrounded by many shops and amenities this property is situated perfectly, an internal viewing is key to appreciate the works from the management company.
AGENT NOTE - We have been advised (as of 23/10/2024) that the property is Leasehold which had a 250 year lease in place from the 24th March 2015, the ground rent cost per annum is £333.96 and the most recent service charge paid in September 2024 was a monthly cost of £421.66 .
We have been advised by the vendor that the property is currently let on an AST at £750PCM; the landlord is willing to serve the tenants with a Section 21 Notice after a sale has been agreed if required. The buyer will need to confirm with their solicitor regarding vacant possession and dates, with the current tenancy ending July 2025.
Rooms
BUYING CONDITIONS
This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
BUYERS INFORMATION PACK
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Studio
9.25m x 3.12m - 30'4" x 10'3"
Bathroom
2.44m x 2.46m - 8'0" x 8'1"
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