Detached House
An excellent opportunity to acquire a mixed use investment property achieving circa £22,000 p.a, comprising three retail units and two residential flats. The property is located in an established neighbourhood parade adjacent to a Spar retail unit, just off Trowell Road and serving a pleasant residential area.
Retail Accommodation:
Unit 1 (Barber Shop) - This shop has been let to the same tenant for approximately 15 years and achieves a rental income of £90 p.w.
Unit 2 & 3 (Beauty Therapy) - Both units have been let to the same tenant for approximately 3 years and a rent of £150 p.w is achieved.
Residential Accommodation:
Flat 1 - 2 bedroomed flat let at £100 p.w. The tenant has been in occupation for approximately 5 months.
Flat 2 - 1 bedroomed flat let at £80 p.w The tenant has been in occupation for approximately 2 years.
TENURE: Freehold. Subject to tenancies.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
For Sale By Auction - Tuesday 19th March 2013
At East Midlands Conference Centre, University Park, Nottingham, NG7 2RJ - Commencing at 11.30 am
