47 Burns Street, Arboretum, NG7 4DS

LOCATION:
The property is located on Burns Street, approximately one mile northwest of Nottingham city centre, and approximately 0.4 miles northwest of Nottingham Trent University's city campus.

The area is a popular rental location being within the catchment area for Nottingham Trent University and having easy access to the city centre.

DESCRIPTION:
The property comprises a three storey, detached property which has been converted into three self-contained flats. Two flats are vacant and have recently been fully refurbished ready for immediate tenant occupation. One flat is already sold on a long lease.

ACCOMMODATION:
Flat 1 - Ground Floor - This flat is already sold on a long lease (101 years remaining)
Flat 2 - First Floor - 57.9 sq m (623 sq ft) - EPC C
Flat 3 - Second Floor - 67.5 sq m (727 sq ft) - EPC C
TOTAL: 125.4 sq m (1,350 sq ft)

TENURE:
The whole building is to be sold on a long leasehold basis, with Nottingham City Council retaining the freehold. Flat one has been sold on a long leasehold basis with 101 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 forms part of a portfolio of two properties to include:-

47 Burns Street and 111 Forest Road West.

Note - The property cannot be purchased solely and the portfolio cannot be subdivided/split in anyway.

PRICE:
The Long Leasehold of the whole portfolio is available at a price of:-
£870,000

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 (see brochure for contact details).

CLICK LINK BELOW FOR BROCHURE