property
For sale by auction - Thursday 11 February 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Substantial three storey terraced building
Currently arranged as ground floor retail unit with two shop floor areas with accommodation above having development potential for four one bedroomed self-contained flats
Situated in the heart of Eastwood Town Centre
EPC Rating: F
Three storey terraced building, currently arranged as ground floor retail unit with two shop floor areas (totalling 750 sq ft), and with upper floor accommodation (totalling 1550 sq ft) having development potential for four one bedroomed self-contained flats, subject to the usual consents. This vacant, freehold building is situated within the heart of Eastwood Town Centre. Ideal investment opportunity.
Broxtowe Borough Council have advised that a change to residential use falls under permitted development, REF: 15/00650/P3JPA
The accommodation comprises:
On the Ground Floor:
Shop Floor Area 32ft 8 x 7ft 5 increasing to 11ft 4
Leading to rear lobby storage area.
Storage Area One 8ft x 7ft 1
Separate Shop Floor Area 21ft 4 x 11ft 6
Leading to further storage area.
Further Storage Area 9ft 6 x 5ft 4
Access and stairs to first floor:
(development potential for two self-contained flats, subject to the usual consents)
Potential Office/Flat 22ft 1 x 17ft 1
Inner Lobby 5ft 9 x 14ft 7
WC Area 7ft 3 x 8ft 8
Currently with two wc
s
Further stairs to Second Floor:
Main Room 22ft 5 x 9ft 5
Further Room 18ft 4 x 13ft 8
Inner Lobby 10ft 5 x 5ft 7
Additional Storage Room One 9ft 7 x 5ft 8
Additional Storage Room Two 11ft 3 x 9ft 5
Tenure
Freehold. Vacant possession on completion.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
