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No longer on the market

This property is no longer on the market

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17 bedroom block of apartments

Auction
Sold STC
Block of apartments
17 beds
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Tenure: Freehold
LOT 60A *FOR SALE BY ONLINE AUCTION* on 11th February 2025

Freehold Investment Block of Eleven Flats

Situated at the junction with Bentinck Street, close to the amenities available in Sutton-in-Ashfield Town Centre and travelling facilities including Sutton Parkway Train Station. Sutton Lawn is also nearby.

An End of Terrace Corner Building comprising Eleven Self-Contained Flats over Three Floors with Tenancy Schedule arranged as follows:

Flat 1 Approximately 37 sq m
Let on an Assured Shorthold Tenancy at £375 per calendar month. (Tenant Holding Over)
EPC Rating: D
Council Tax Band: A

Flat 2 Approximately 49 sq m
Let on an Assured Shorthold Tenancy at £425 per calendar month. (Tenant Holding Over)
EPC Rating: D
Council Tax Band: A

Flat 3 Approximately 56 sq m
Let on an Assured Shorthold Tenancy at £400 per calendar month. (Tenant Holding Over)
EPC Rating: D
Council Tax Band: A

Flat 4 Approximately 53 sq m
Let on an Assured Shorthold Tenancy at £450 per calendar month. (Tenant Holding Over)
EPC Rating: C
Council Tax Band: A

Flat 5 Approximately 46 sq m
Let on an Assured Shorthold Tenancy at £425 per calendar month. (Tenant Holding Over)
EPC Rating: C
Council Tax Band: A

Flat 6 Approximately 54 sq m
Let on an Assured Shorthold Tenancy at £450 per calendar month. (Tenant Holding Over)
EPC Rating: C
Council Tax Band: A

Flat 7 Approximately 34 sq m
Let on an Assured Shorthold Tenancy at £450 per calendar month. (Tenant Holding Over)
EPC Rating: C
Council Tax Band: A

Flat 8 Approximately 58 sq m
Let on an Assured Shorthold Tenancy at £425 per calendar month. (Tenant Holding Over)
EPC Rating: C
Council Tax Band: A

Flat 9 - Approximately 44 sq m
Let on an Assured Shorthold Tenancy at £400 per calendar month. (Tenant Holding Over)
EPC Rating: C
Council Tax Band: A

Flat 10 Approximately 64 sq m
Vacant Possession
EPC Rating: D

Flat 11 Approximately 46 sq m
Vacant Possession
EPC Rating: D

Note 1: Understood to comprise Six x Two Bedroom Flats and Five x 1 Bedroom Flats. (See note 2)

Note 2: The auctioneers have not internally inspected the property to verify the accommodation details or layout of the property. The sizes quoted have been obtained from the EPC Register. Purchasers must rely on their own enquiries.

Note 3: Our client has informed us that Serco has expressed interest in leasing all eleven flats for a term of seven years at an annual rent of £77,400. Copies of the 'letters of intent' from Serco are available for inspection in the legal documents. Interested parties are advised to review these documents and will be considered to bid accordingly.

Note 4: We have been advised by the vendor that Seven flats in the building have certificates of lawful use, while two newer flats have prior approval for change of use. The remaining two flats have been subject to Council Tax since 2012. Purchasers must rely on their own enquiries.

Producing £45,600 per annum from Flats 1-9 let as Shown and in addition Vacant Possession of Flats 10 and 11.

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.
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About this agent

McHugh & Co - London Auctions
McHugh & Co - London Auctions
71 Parkway Camden Town, London NW1 7PP
020 8022 7464
Full profileProperty listings
History Welcome to McHugh & Co. We are an independent Estate Agents and Auctioneers established in 1983. Christopher McHugh was born and brought up
in Camden Town and still lives in this area thus giving our Agency unrivalled local knowledge. What we do We have a fantastic team of dedicated sales and
lettings negotiators. Our Services include: Auctions, Sales & Lettings We are North London’s leading Auctioneers and hold regular sales throughout the year.
We sell a wide variety of Residential, Commercial and Investment Property throughout London and the Greater London Area. At McHugh & Co, ... Show more
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