property
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
DRAFT DETAILS
For sale by auction - Thursday 4 September 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Retail/residential investment property
Current income £22,356 p.a.
Main road location
Close to city centre
EPC Rating: TBC
A superb retail/residential investment property currently producing £22,356 per annum, situated on Alfreton Road (A610) which is one of the main arterial routes into Nottingham City Centre.
The property forms part of a retail parade in a popular retail/commercial destination. The immediate vicinity is a densely populated residential area within the catchment area for the Nottingham Trent University.
The accommodation comprises:
Lock-up Retail Shop
To the First and Second Floor there are six letting rooms, communal lounge, kitchen and bathroom.
Room 1: 4.1m x 3.5m
Room 2: This is the room available for viewing
Room 3: 4.3m x 21.m
Room 4: 3.9m x 2.6m
Room 5: 4.3m x 2.4m
Room 6: 4.3m x 2.1m
Outside
To the rear of the property there is an enclosed yard.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 01159 588 702.
