Mixed Use
Superb opportunity to acquire a mixed commercial/residential investment in a prominent trading position close to the heart of the market town of Sutton in Ashfield. We are led to believe the property is generating £13,000 per annum on a long term lease. (details below). To the ground floor there is an established retail shop with large frontage and residential flat with three bedrooms and bathroom. Ideal investment opportunity.
The accommodation comprises
41ft 3 x 21ft
Incorporating refrigeration units, counter.
8ft 7 x 11ft 1
With a range of wall mounted and base units, single drainer sink unit, combination boiler, half obscure upvc double glazed window to side.
10ft 5 x 10ft
With radiator, upvc double glazed window to front aspect.
14ft 2 x 10ft 7
With radiator, upvc double glazed window to front aspect.
8ft 8 x 8ft 6
With radiator, upvc double glazed window to front aspect.
8ft 1 x 8ft 1
With panelled bath, low flush wc, pedestal wash hand basin, fully tiled walls, obscure upvc double glazed window.
We believe the lease started on 2 October 2012 for 15 years (10 years remaining) on a fully insuring and repairing lease.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
