Commercial Property
The property comprises a three storey former bank premises, situated in a prominent corner position at the junction of Nottingham Road and Victoria Street. The property is of brick construction with stonework detailing surmounted by a hipped tiled roof.
The property provides former banking hall, office accommodation, storage, male and female WCs. The first and second floors provide former office and storage accommodation, which are deemed suitable for residential conversion, subject to obtaining the necessary consents. There is a basement providing strong room and storage accommodation.
Eastwood is a former coal mining town on the Nottinghamshire and Derbyshire border, being approximately 8 miles north west of Nottingham and 10 miles north east of Derby.
The property occupies a prominent position fronting Nottingham Road, the main retail pitch in Eastwood, and has a return frontage to Victoria Street, where there is pay and display car parking.
We understand that the property is held Freehold.
Basement: 99 sq.ft. (9.19 sq.m.)
Ground Floor: 1,263 sq.ft. (117.33 sq.m.)
First Floor: 1,213 sq.ft. (112.69 sq.m.)
Second Floor: 1,041 sq.ft. (96.71 sq.m.)
Total NIA: 3,616 sq.ft. (335.93 sq.m.)
All interested parties must seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed future use.
We understand that VAT will not be chargeable on this transaction. All interested parties are advised to refer to the Special Conditions of Sale within the legal pack for their own verification.
Strictly by arrangement with the Auctioneers.
GVA
We are advised that the property is unregistered and a registered title plan is not yet available.
The plan is for illustrative purposes only.
Freehold. Vacant possession upon completion.
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.
