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Mixed Use
Two vacant commercial units with former apartments above along with a separate coach house and car park located in Huthwaite, thought suitable for conversion to residential (stpc)
The lot comprises two adjoining mid-terraced brick-built units with pitched roofs at 19 & 21 Sutton Road, currently knocked into one larger unit (ground floor) both benefitting from large frontages with roller shutters on either side and former apartments above, along with a car park / land located off North Street and a separate Coach House off North Street located behind 19 & 21. The units were previously trading as footwear and more recently as an antiques business.
Number 19 Sutton Road comprises ground floor retail area extending to approximately 256 sq.ft along with partitioning with a rear retail area extending to approximately 165 sq.ft and access to rear yard along with under stairs storage and large hallway giving further storage space extending approximately 140 sq.ft and access to the first and second floors which were previously used as residential accommodation and are currently configured as fitting rooms.
The first floor comprises landing, room one extending to approximately 316 sq.ft, room two extending to approximately 145 sq.ft, room three extending to approximately 130 sq.ft.
Number 21 Sutton Road comprises a ground floor retail space connected to number 21 extending to approximately 280 sq.ft with a rear storage area extending to approximately 182 sq.ft along with a kitchen extending to approximately 67 sq.ft and access to rear courtyard along with stairs leading to first floor.
First floor accommodation comprises landing, bathroom extending to approximately 81 sq.ft, room one extending to approximately 323 sq.ft (split with a partition wall) and room two extending to approximately 221 sq.ft.
To the rear of the premises there is a large courtyard and a separate Two Storey Coach House extending to approximately 345 sq.ft to the ground floor and approximately 330 sq.ft to the first floor (not inspected). The coach house can be accessed off North Street.
This is tarmacadam and is large enough for circa 10 cars.
We feel the lot offers many different opportunities. It could be separated into two commercial units and the upper storeys renovated into apartments or into an HMO. The external coach house backs onto the car park and could potentially be redeveloped into apartments all subject to obtaining appropriate planning consents. The property could also be simply re-let with minimal expense to three tenants (create a new partition between shops) and would still generate a substantial return on investment and the car park spaces rented out separately.
The property fronts Sutton Road close to the junction with North Street. The car park is located on North Street and the access to the rear coach house is via a driveway from North Street. The units sit within a parade of local retailers with the general area being predominantly up market residential housing. There are new residential schemes in progress within the area due to the huge demand for local hosing. Mansfield town centre is approximately two miles away and Kings Mill Hospital approximately a mile away.
We understand that VAT will not be chargeable
Strictly by appointment with the auctioneers.
Vacant.
Freehold. Vacant possession upon completion.
Viewings:
To book a viewing, please contact SDL Auctions to arrange.
Auction Method:
The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date through SDL Auctions’ website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Auctions’ Buyers Terms (England & Wales) which are available on SDL Auctions website.
Auction type- Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to us. SDL Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Auctions website by searching for the property. On the property details page there is a sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
