Mixed Use
A freehold mixed use investment opportunity to acquire a retail shop with two flats above with an adjoining workshop located to the rear with gated driveway, occupying a prime trading position opposite to Heron Foods, located in the heart of the popular village shopping centre, being well positioned for the A38 & M1 Motorway.
The shop was successfully run as family owned newsagents for many years and in recent times has now become vacant. Located to the rear of the shop is large block built workshop subdivided into two compartments measuring 41ft 5 x 21ft 4. Further to the rear of the shop there is staircase leading to a 2 double bedroom flat arranged over two floors in need of upgrading and improvement.
The ground shop has a double fronted glazed frontage with roller shutter doors, retail area with suspended ceiling, counter with access through to a kitchen and WC. Beyond this a large block built workshop with pitched roof. The flat consist of an L-shaped landing with staircase, generous sized front sitting room and breakfast kitchen room. To the second floor landing there are two double bedrooms and bathroom. Outside to the side of the property there are wrought iron gates with driveway leading to the workshop.
The village of South Normanton, offers an excellent range of amenities and is positioned just of the A38 which provides swift access onto the M1 Motorway and further regional business centres.
Offered for sale with immediate vacant possession, the sale provides a genuine opportunity for a discerning purchaser looking to acquire an affordable mixed use property representing an excellent medium to long term investment opportunity.
Additional Information
Parking Arrangements: TBC
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: TBC
Building construction: Standard brick (excluding warehouse)
Flood Risk: Very low
Broadband: Standard, Superfast and Ultrafast available
Mobile Signal: O2, EE, Three and Vodafone
Satellite and Cable TV Availability: BT, Sky and Virgin
31ft 8 x 14ft 2
11ft 8 x 9ft 9 reducing to 6ft 8
8ft 1 x 3ft
41ft 5 x 21ft 4 (881 sqft or 81.4 m2)
15ft 6 x 15ft 6
15ft 6 x 15ft 7
L-shaped 11ft 2 x 9ft 3
15ft 5 x 12ft 7
12ft 6 x 9ft 7
5ft 6 x 3ft 4
10ft 4 x 10ft 9
These sales details are awaiting vendor approval.
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 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.
