Block of apartments for sale

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Block of apartments for sale

50 Forest Road West, Arboretum, NG1 4EQ
£125,000

Price History

Initial price £2,330,000
08/11/24 £125,000
Price Change -94.64%

Description

The property is a mid-terraced Victorian building on Forest Road West, approximately one mile northwest of Nottingham city centre and 0.4 miles from Nottingham Trent University's city campus. The building has been split into three self-contained flats, with one flat vacant and requiring completion to a habitable condition. Two flats are already sold on a long lease with 89 years remaining. The property is to be sold on a long leasehold basis, with Nottingham City Council retaining the freehold, and includes conditions such as completing any remaining work to the council's satisfaction and not using the properties as a House in Multiple Occupation. The property forms part of a portfolio of six properties, and the long leasehold of the whole portfolio is available for £2,330,000, with no VAT applicable to the purchase price.