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Mixed Use
Investment opportunity producing £21,000 per annum.
An investment opportunity located along the Mansfield Road comprising a 3 storey plus basement solid brick building surmounted by a pitched roof situated within a Conservation Area. Current rental income £21,000 per annum.
The building investment comprises 1 retail unit (currently a hot food takeaway) with residential accommodation above. We are led to believe that the accommodation comprises a five bedroomed HMO of some kind. We have not had opportunity to inspect.
Unit 39 Mansfield Road{tab}extends circa 1,890 sq.ft and is held on a 15-year lease commencing 21/01/2021 with current rent passing £21,000 per annum.
Mansfield Road is within walking distance of Nottingham city centre.
Additional Information:
Water: TBC
Sewerage: TBC
Heating: TBC
Broadband: Standard and Ultrafast are available in this location.
Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky and BT are available in this location.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to lease.
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.
