Mid-Terraced House
For sale by auction on Wednesday 13th July 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Extensive commercial/residential investment property
Ground floor retail unit and spacious three bedroomed flat above
Previously let at a combined rental of circa £9,000 p.a.
Prominent position in the heart of Sutton in Ashfield town centre
EPC Rating : Retail - C; Residential - E
Extensive commercial/residential investment premises situated within this prominent position within the heart of Sutton in Ashfield town centre. Internal inspection is advised to fully appreciate the spacious ground floor retail unit and three bedroomed flat above, which combined has produced in the past a rental income in excess of £9,000 per annum.
There are electric shutters to the ground floor shop and a small rear yard area.
The accommodation comprises:
On the Ground Floor:
Downstairs Retail Unit 24ft x 18ft
With two radiators, upvc double glazed window to front and side. Electric shutters. Access to cellar and flat previously let at £90 per week
Cellar 10ft 8 x 10ft 3
Having radiator.
Storage Room 14ft 5 x 14ft 9 (increases into recess 17ft 9)
With radiator, obscure uPVC double glazed window to side.
Separate WC
Having low flush wc, wall mounted wash hand basin, radiator.
Separate Entrance leading to First Floor Flat comprising:
Half obscure uPVC door to
Entrance Hallway
With radiator, stairs to first floor landing.
Open Plan Lounge Diner 18ft 8 x 18ft 1
With fitted range of wall mounted and base units, working surfaces, single drainer sink unit, tiled splashback areas, built in storage cupboard, laminate wood flooring, plumbing for washing machine.
Bedroom One 20ft 9 x 8ft 2
Having radiator, uPVC double glazed window to front aspect.
Bedroom Two 10ft 5 x 8ft 6
With double radiator, uPVC double glazed window to side.
Bedroom Three 10ft 2 x 9
With radiator, uPVC double glazed window to front and side aspect.
Bathroom
With white three piece suite comprising panelled bath, pedestal wash hand basin, low flush wc, radiator, spotlights to ceiling.
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 11.30am. 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.sdlgrahampenny.co.uk/glossary.
