property
For sale by auction - Tuesday 8 September 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Freehold building arranged as a ground floor retail unit with self-contained flat above
Flat to be let on AST at £375 per calendar month
Prime location within the heart of Eastwood town centre
Excellent investment opportunity
EPC Rating: 44 TBC 44A E
Freehold building arranged as ground floor retail and self-contained centrally heated and double glazed one bedroomed flat above, situated within this prime location within the heart of Eastwood Town Centre. We are led to believe that the flat is subject to a new 6 month assured shorthold tenancy at circa £350 per calendar month. The shop (currently a jewellers) is being vacated on 1st September 2015. The property does have a good sized rear yard with potential parking for three cars. Ideal investment opportunity.
The accommodation comprises:
On the Ground Floor:
Shop 16ft 9 x 11ft 11
Having electric shutters, window to front aspect, half double glazed door to front aspect.
Rear Office Area 12ft 8 x 3ft 9 increasing to 5ft 9
Workshop Area 11ft 4 x 9ft 3
Kitchen Area 8ft x 7ft 1
Having single drainer sink unit, twin wall mounted unit.
Separate WC
Door to rear yard.
On the First Floor:
Self-contained gas centrally heated and double glazed flat: (accessed from separate door to rear)
(44a Nottingham Road)
Entrance Hallway
With radiator, stairs to first floor landing.
First Floor Passaged Landing
Lounge 12ft 2 x 12ft 1
Having radiator, upvc double glazed window to front aspect.
Kitchen 10ft 1 x 9ft 6
With fitted range of wall mounted and base units with drawers, roll edge working surfaces, single drainer sink unit, tiled splashback areas, wall mounted combination boiler, space for cooker, space for washing machine, radiator.
Shower Room
With shower cubicle having shower unit and attachment, pedestal wash hand basin, low flush wc, radiator, obscure upvc double glazed window.
On the Second Floor:
Bedroom One 17ft 4 x 12ft 9 into eaves
Having under eaves storage, radiator, Velux double glazed window, upvc double glazed window to side.
Outside
There is a good sized rear yard and parking for three cars.
Tenure
Freehold. Part let, part vacant.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary.
