33 Gedling Grove, Arboretum, NG7 4DU

LOCATION:
The property is located on Gedling Grove, 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. The property also sits less than 50 yards from Nottingham's tram network providing easy and direct access to the city centre.

DESCRIPTION:
The property comprises a semi-detached Victorian property which has been split to provide two self-contained flats. One flat is vacant which has been fully refurbished ready for immediate tenant occupation. One flat is already sold on a long lease with 89 years remaining.

CONDITION:
The building has been fully refurbished to include a new roof and uPVC double glazed window units throughout. The vacant flat has also been fully refurbished ready for immediate tenant occupation.

ACCOMMODATION:
Flat 1 - Lower Floor & Ground (3 bed duplex) - This flat is already sold on a long lease (89 years remaining)
Flat 2 - First & Second Floor (3 bed, two storey) - 120.6 sq m (1,298 sq ft) - EPC C
TOTAL: 120.6 sq m (1,298 sq ft)

TENURE:
The building is to be sold on a long leasehold basis, with Nottingham City Council retaining the freehold. One flat has already been sold on a long lease with 89 years remaining.

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

- Within three months of practical completion of any works, the property should be either occupied 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 price of:-
£225,000 long leasehold

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