Description
A two bedroom apartment situated on the third floor in the Litmus Building located in Nottingham City Centre.
The accommodation briefly comprises; entrance hall, bathroom, bedroom with en-suite, second bedroom, open plan kitchen/living area with access to a balcony. The building benefits from a concierge service, intercom system, underground parking and excellent leisure facilities which include a fully equipped gym and swimming pool.
Notes to Buyers
The property is sold as seen. All services/appliances have not and will not be tested.
Bidders will be required to pay a 10% deposit subject to a minimum of £5,000 prior to auction before being authorised to bid. Payments will be returned to any unsuccessful bidders following the auction.
Leasehold Information
999 years from 1st January 2004.
Annual Ground rent: £250.00.
The ground rent increases every 25 years and is next due for review on 1 January 2029 on a capital value basis.
Please note the sale may be suitable for cash buyers only.
Costs
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,200 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
