Detached House
DRAFT DETAILS
For Sale By Auction - Tuesday 19 March 2013
At East Midlands Conference Centre, University Park, Nottingham,NG7 2RJ - Commencing at 11.30 am
Mixed use commercial/residential property
Current income £12,525 per annum
Planning consent for additional accommodation
Substantial corner plot
An interesting opportunity to purchase a freehold mixed use property with further development potential.
The property comprises a ground floor sales shop along with spacious one bedroomed flat to the first floor.
The property also benefits from planning permission to extend and alter the current accommodation to add a further one bedroomed apartment, with parking spaces to the rear elevation.
The property also has extra income from an advertising sign hoarding to the front.
It is being sold subject to existing tenancies and leases. Rental income £12,525 per annum.
Description
Ground Floor with windows to both the front and side elevations and double doors. Store room to with window to the side aspect. (This is a useful space which could possibly be used as a further retail space subject to the necessary consents). Rear lobby with wc and wash hand basin.
Side entrance door provides access to the flat with accommodation arranged over two floors.
Ground floor Kitchen with a range of basic units and space for appliances. Staircase leading to first floor with double bedroom, lounge, bathroom and separate wc.
Outside
The property stands on a good sized corner plot with paved frontage, driveway to single garage and enclosed lawned rear garden.
Tenure
Freehold. Subject to tenancy.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 £500 (plus VAT) payable on the fall of the hammer.
