1 bed apartment to buy in NG1

Adams Walk, Nottingham, Nottinghamshire, NG1 1QP

Brochure

Bedrooms: x 1

Bathrooms: x 1

Receptions: x 1

Tenure: Leasehold

Connecting to auction...

Starting bid£100,000

Please wait while we establish connection

Key Information

Council tax: Band C
EPC rating: C
Heating supply: Electric
Electricity: National Grid
Broadband: FTTP (fibre to the premises)
Mobile signal: Intermittent
Parking: None

Property features

Being Sold via Secure Sale online bidding. Terms and Conditions apply
Sought-after apartment block | One generous double bedroom
Enjoying all the benefits of City living
Concierge service
Council tax band C
Ideal for First-time Buyer or Investor
Well-presented throughout
Heart of the Lace Market next to the tram stop
10-minute walk from Nottingham Train Station
EPC rating C

1 bed apartment to buy in NG1

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £100,000. In the heart of the Lace Market this generously sized one-bedroom apartment is perfect for either a first time buyer or investor. The entrance hall has access to all rooms as well as a storage cupboard that houses the water tank. The lounge/kitchen/diner is open plan and well lit by two large windows. Modern and well equipped the kitchen is perfect for those looking to simply move in/start letting. The bathroom comprises a three-piece suit including bath with shower over, pedestal wash hand basin and low level toilet. The spacious double bedroom is as well lit as the lounge making for an all-round bright and airy apartment. This property is well located for access to Nottingham City's many bars, restaurants and wider amenities as well as being within 1 minute of the tram stop. INVESTORS: Expecting to let at £950 per calendar month. Viewing highly recommended. Council: Nottingham City Council Council tax band: C EPC rating: C Tenure: Leasehold
Service charge: £2400.64 per annum
Lease length: 125 years from 2003
Ground rent: £250 per annum Auctioneers Additional Comments: This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction. In order to submit a bid upon any property being Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
The advertised price is commonly to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the aution.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments:
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non- deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non- reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Length of Lease: 102
Annual Ground Rent Amount: £250.00
Annual Service Charge Amount: £2,400.00

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

Heating supply: Electric
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Broadband: FTTP (fibre to the premises)
Mobile signal: Intermittent

Construction

Year built: 2003
Construction materials: Brick and block

Building Safety

Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No
Has flood defences: No
Has planning permission or proposals for development that will affect property: No
Is on a coalfield or mining area: No

Rights and Restrictions

Is listed building: No
Is conservation area: No
Has accessibility adaptations: No
Has restrictions: No

Get a free valuation that fits your needs.

Whether you’d like an instant online estimate or an expert visit to discuss your home in detail, our team will give you clear, honest advice and help you plan your next move.

Free Expert Home Visit Valuation Get an Instant Online Valuation

These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Land Tax rates are based on UK government guidelines and are subject to change. This calculator is for guidance only. Please consult a qualified professional for advice on your specific circumstances.