Mixed Use
Available is this substantial three storey, mixed use residential/commercial building being sold with vacant possession. The building offers future growth potential to adapt and develop the residential element possibly into an HMO (subject to the necessary permissions and conditions).
The accommodation is arranged over three floors with a self contained ground floor commercial unit, currently used as a restaurant and take away business, offering approximately 84sqm (904sqft) internal space. Restaurant and counter to the front, large commercial kitchen with storage room and WC. There is an internal staircase allowing access to the first floor accommodation which can also be reached via an external staircase to the rear. The residential accommodation is arranged over the first and second floors with up to three bedrooms on the first floor, as well as a living room, kitchen and bathroom, with a double bedroom located on the second floor.
Situated on a busy thoroughfare in the small town of Sandiacre, adjacent to the larger towns of Stapleford and Long Eaton. The building is on a bus route linking Nottingham and Derby. There are the usual range of shops and facilities within the area, including a Lidl. The A52 and Junction 25 of the M1 motorway are approximately half a mile away.
Commercial EPC: C
Residential EPC: E
There is a small cellar under part of the ground floor.
Housing a two piece suite comprising wash hand basin and low flush WC.
Three piece suite comprising wash hand basin, low flush WC, bath with electric shower over.
Range of wall and base units with work surfacing, stainless steel sink unit, gas cooker point, double glazed window.
Radiator, double glazed window.
Radiator, internal window.
Radiator, double glazed window to the front.
The property fronts the pavement. Access to the rear, shared rear service yard from Rutland Grove.
Construction Material: Standard brick. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2 and Vodafone show as high in this area, and EE and Three as medium. Satellite and Cable - BT, Sky and Virgin show as available.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Vacant possession upon completion.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
