48 Forest Road West, Arboretum, NG1 4EQ
- PROPERTY TYPE
Block of Apartments
- SIZE
3,678 sq ft
342 sq m
Key features
- Residential development / investment opportunity.
- Five x mix of one, two & three bed self-contained part refurbished flats.
- Two parking spaces to the rear.
- First fix electric & plumbing & part plastered.
- The property forms part of a portfolio of six properties to include:- 46a, 48, 48a, 50, 52 and 54 Forest Road West.
- The Long Leasehold of the whole portfolio is available at a price of:- £2,330,000.
- Note - The property cannot be purchased solely & the portfolio cannot be sub-divided/split in any way.
Description
The property is located on Forest Road West, 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 substantial Victorian terraced villa, which has been split and converted to provide five self-contained flats.
The property is accessed from Forest Road West and from the rear via Lawson Street.
Two on-site parking spaces are provided on Lawson Street.
CONDITION:
The building has been part refurbished to include new roof, uPVC double glazed window units throughout, with first fix electrics and plumbing completed in all five flats. The current level of finish to each apartment is highlighted in the schedule on page 3, further work is required to bring them to a habitable condition.
TENURE:
The building is to be sold on a long leasehold basis, with Nottingham City Council retaining the freehold. 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 occupied.
- The properties cannot be used as a House in Multiple Occupation.
PLANNING:
Planning permission for conversion was granted by Nottingham City Council, planning ref: 21/01812/PFUL.
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 six properties to include:-
46a, 48, 48a, 50, 52 and 54 Forest Road West.
Note - The property cannot be purchased solely and the portfolio cannot be sub-divided/split in anyway.
PRICE:
The long leasehold is available to purchase at a price of:-
£2,330,000
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
Brochures
BROCHURE- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
48 Forest Road West, Arboretum, NG1 4EQ
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Visit our security centre to find out moreDisclaimer - Property reference 48-Forest-Road-West. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by heb Property Consultants, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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