7b Waverley Street, Arboretum, NG7 4HF

LOCATION:
The property is located on Waverley Street, approximately one mile northwest of Nottingham city centre, and approximately 0.2 miles northwest of Nottingham Trent University's city campus.

The property also sits adjacent to the NET tram network / stops, for easy access to Nottingham city centre and its wider conurbations, with the property additionally being adjacent to the Arboretum Park.

DESCRIPTION:
The property comprises a three storey, semi-detached property which has been converted into six, one bedroom self-contained flats.

Five flats are vacant and have recently gone under full refurbishment ready for immediate tenant occupation.

One flat is already sold on a long lease.

TENURE:
The building is to be sold on a long leasehold basis, with Nottingham City Council retaining the freehold. Flat three has been sold on a long leasehold basis with 103 years remaining on the lease

The lease will be for a term of 999 years from completion subject to a peppercorn ground rent and will include the following conditions;

- Any remaining work is to be completed to the satisfaction of the council within a set timetable.
- Within three months of practical completion of any works the property should be either occupier or advertised on the market as being available.
- The properties cannot be used as a House in Multiple Occupation.

WARRANTY ON EXISTING WORKS:
Nottingham City Homes or any third party are not able to provide any warranties in relation to any work already undertaken.

METHOD OF SALE:
The property is available by way of a private treaty sale.

PRICE:
The long leasehold is available to purchase at a guide price of:-
£825,000

VAT:
Vat is not applicable to the purchase price.

ANTI MONEY LAUNDERING:
To meet Anti-Money Laundering regulations, two forms of ID and confirmation of the source of funding will need to be provided by the successful purchaser.

VIEWINGS & FURTHER INFORMATION:
To view the property and for further information in respect of the sale, please contact the sole selling agents below.

CLICK LINK BELOW FOR BROCHURE