Commercial
DRAFT DETAILS ONLY.
Occupying a well regarded and sought after location, this individual property comprising 58 & 60 Chandos Street was formerly a commercial shop on the ground floor with a three bedroomed flat on the first floor. Planning was approved by Gedling Borough Council in 2003 for the conversion of the ground floor into 2 x 1 bedroomed flats. One of the flats has been converted, the other is still in need of finishing off and there remains a three bedroomed flat on the first floor.
The property offers a wide range of opportunities including finalising the conversion which would result in a potentially high yielding investment property or alternatively the ground floor could be reopened as a commercial property (subject to any necessary planning consents) with an income retained from the upper floor flat.
Netherfield is a popular area of Nottingham with a good range of amenities available locally including shops, schools and leisure facilities. Nottingham City centre is approximately 2 miles away which offers a more comprehensive range of amenities.
In more detail the accommodation for 60 Chandos Street comprises
Living Room
Store Room
Bedroom
Shower Room
Kitchen
If converted in accordance with the approved, number 58 Chandos Street would comprise
Living Room
Bedroom
Shower Room
Kitchen
The First Floor Flat comprises
Kitchen
Sitting Room
Three Bedrooms
Bathroom
Directions
The approach from Nottingham is via the A612 Daleside Road heading north-west out of the City centre, pass Nottingham Race Course and Colwick Park, continuing on the A612, turning left into Victoria Road. Continue along Victoria Road for approximately 500 yards before turning right into Chandos Street. The property will be located on the right as denoted by our for sale by auction board.
Vendors Solicitors/Licensed Conveyancers
H & V Solicitors, 79 Birmingham Road, West Bromwich B70 6PX telephone 0121 525 3100
Tenure
Freehold. Vacant possession on completion.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £495 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 26th May 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
EXCELLENT INVESTMENT PROPERTY (Development opportunity)
Former commercial property now comprising three flats
Rare and interesting opportunity
