Mixed Use
A freehold mixed use property comprising of ground floor shop with one bedroom flat above. In general good order throughout.
Offered fully let at £13,164 per annum.
Well situated close to Long Eaton town centre and on a busy route for traffic and foot flow.
The flat is self contained with rear separate access and utilities.
Shop- Let at £600 pcm - Approx 45 sq ft
Flat- let at £497 pcm- One bedroom first floor flat.
Scope for rental increase and an estimated current rental value of £15,000 per annum.
We are informed that the tenant of the flat is due to vacant in April but would like to stay on if required by the purchaser.
A great addition to any buy to let portfolio with potential yield of over 11%.
Main Sales Shop -9.25m x 3.66m <br>Kitchen - 3.00m x 1.98m <br>Store- 2.30m x 2.08m <br>Toilet / W.C.
Accessed to the rear. <br>Open Plan Lounge / Kitchen - 6.33m x 3.65m <br>Double Bedroom 3.00m x 3.05m <br>Bathroom
Rear yard area with rear gated access.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 Price
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.
