Lot 10 - 570 Woodborough Road, Nottingham, Nottingham City, NG3 5FH

  • Unconditional Online Auction Sale
  • Guide Price* : £200,000+
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1

Vacant freehold mixed-use property with planning permission granted for a five bedroom HMO conversion

Description

• Freehold mixed-use property
• Sold with vacant possession
• Former ground floor hair salon
• One bedroom flat on first floor
• Planning permission for 5 bed HMO (C4)
• Add-value opportunity
• High-demand rental area for professionals and students

Location

Situated on Woodborough Road in Nottingham, the property benefits from excellent access to Nottingham city centre via the A60 and nearby Ring Road. Set within a well-established residential area, it is close to a wide range of local amenities including shops, supermarkets, schools and recreational facilities. The property is also well positioned for strong rental demand, with Nottingham City Hospital, Nottingham Trent University and the city centre all within easy reach, making it an attractive location for both professional and student tenants.

Transport links are provided by Nottingham Rail Station, together with regular bus services operating along Woodborough Road.

Planning

Planning granted through Nottingham City Council ref: 25/01648/PFUL3

Change of use of ground floor from hair dresser (Class E), with 2-storey rear extension, front facade alterations and loft conversion to form a 5-person House in Multiple Occupation (HMO) (Use Class C4)

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Financing

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