Mixed Use
DRAFT DETAILS. Excellent opportunity to acquire a substantial mixed use investment property comprising ground floor retail unit, two bedroomed flat and workshop to rear which benefits from planning permission to convert into a three bedroomed residential dwelling.
We believe that the ground floor retail unit is currently ran as a convenience store at let at £9,600 per annum. The two bedroomed flat above is currently vacant but we believe could achieve around £500pcm. The property is in good condition throughout having been recently modernised by the current vendor. Viewing highly recommended.
Planning Details:
Planning permission was granted by Nottingham City Council to convert the existing two storey workshop to rear to form a three bedroomed residential dwelling on 3rd July 2019 under planning reference 19/00390/PFUL3.
The property is situated within a mile of Bulwell town centre which has a range of amenities and other local shops. Public transport links to Nottingham city centre by bus and tram network.
The accommodation briefly comprises:
18ft 6 x 15ft 5
Access to cellar
10ft 6 x 9ft
11ft 2 x 6ft 6
Accessed from staircase to the rear of the building
With radiator.
11ft 7 x 9ft 3
With radiator, upvc double glazed window to front aspect.
9ft 8 x 6ft 9
With range of wall mounted and base units, double sink and drainer unit, tiled splash backs. Electric oven with four gas ring hob and extractor fan over.
With shower cubicle, wall mounted wash hand basin, low flush wc.
11ft 8 x 6ft 8
With radiator, upvc double glazed window to front aspect.
8ft 7 x 8ft 1
With radiator, upvc double glazed window to front aspect.
Narrow driveway to side of the property leading to workshop building.
If converted subject to the existing planning permission, the accommodation would comprise:
Ground Floor: Family Room, Kitchen/Breakfast Room/Dining Area, Lounge, Shower Room
First Floor: Master Bedroom with En-suite, Two Bedrooms,
Outside: Yard Area
Freehold.
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.
