2 bedroom terraced house

SOLD BY ONLINE AUCTION FOR £100,000 ON THE 24TH OCTOBER 2024

Increasingly rare opportunity to purchase a traditional town house let under an Assured Tenancy (NOT ASSURED SHORTHOLD TENANCY) found in a popular and convenient location. Excellent low risk investment producing an immediate income.

Description And Situation - Here is an increasingly rare opportunity to purchase a traditional, two storey mid terraced house let under an Assured Tenancy that commenced on the 15th February 2003.

Interested parties should make particular note that the tenancy is NOT an Assured Shorthold Tenancy. The Tenant therefore enjoys full security of tenure under the relevant Housing Act Legislation. The tenant has been in occupation for many years and we consider this to be a low risk investment ideal for those wanting to establish or expand an investment portfolio.

The property is situated within a popular and highly convenient location gaining excellent access into Hucknall town centre with all of its facilities which include a Railway station providing a direct rail link to Mansfield/Worksop/the City of Nottingham. The property is well placed for easy access to the main road networks leading to the M1 Motorway.

Hucknall is a large township offering an excellent range of leisure, shopping and schooling facilities. The city centre lies some 7 miles distant.

Accommodation - The main accommodation with approximate room sizes may be more fully described as follows:

Lounge 3.82 X 3.44 - Gas fire set within a tiled surround. Double glazed window and central heating radiator.

Lobby - With under stairs storage cupboard.

Dining Room - 3.84 x 3.74 (12'7" x 12'3") - Staircase giving access to the first floor accommodation. Double glazed window and central heating radiator.

Kitchen - 2.72 x 1.96 (8'11" x 6'5") - Equipped with stainless steel single drainer sink unit, double glazed window and double glazed upvc door to rear gardens.

First Floor: -

Landing -

Bedroom - 4.34 x 3.46 (14'2" x 11'4") - A large double bedroom with double glazed window and central heating radiator.

Bedroom - 3.72 x 3.52 (12'2" x 11'6") - Double glazed window and central heating radiator.

Bathroom/W.C - 2.49 x 2.73 (8'2" x 8'11") - Equipped with a bath, wash hand basin, W.C. Cupboard containing the Main wall mounted gas condensing combination boiler. Double glazed window and central heating radiator.

Outside - To the front of the property there is a shallow forecourt. To the rear of the property there is a concrete yard with two attached brick/slate stores. There is shared pedestrian access to the adjoining property beyond which there is a generally level garden surrounding by fencing.

Tenure - The tenure is freehold subject to an Assured Tenancy (NOT AN ASSURED SHORTHOLD TENANCY) that commenced on the 15th February 2003. We are instructed that the passing rental amounts to £480 payable 4 weekly.

Services - All main services are available and connected. Drainage is to the main sewer. Lingford Street is understood to be an adopted highway repairable at the public expense.

Viewing - Strictly by prior telephone appointment to be arranged by the Sole Auctioneers.

Council Tax Band - A -

Method Of Sale - The property will be sold by Online Auction (unless sold previously by Private Treaty). Full information regarding the Online Auction process is available on our website . In order to bid on this Lot interested parties must follow the registration procedures.

Interested parties should note that our On Line Auctions are Traditional Auctions (not to be confused with "Modern Method of Auctioneering"). The fall of the hammer creates a binding contract. There is no reservation fee payable on the part of the buyer.

Guide Price - An indication of the sellers current minimum acceptable price at auction. The guide price or a range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual but not always the case that a provisional reserve range is agreed between the seller and auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time upto the day of auction in the light of interest shown during the marketing period, a guide price is issued. The guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall or as a single figure. The reserve price would not normally be higher than the guide price. A guide price is different to a reserve (see below). Both the guide price and reserve price can be subject to change upto and including the day of the auction.

Reserve Price - This is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. This is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.