property
For sale by auction - Friday 17th October 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Two self-contained ground floor commercial premises currently let and generating £8,700 per annum with potential living accommodation above, subject to appropriate planning consents
Ideal investment opportunity
Conveniently situated close to amenities
EPC Rating: TBC
Ideal investment opportunity to acquire two self-contained ground floor commercial premises, currently let as a barbers shop and takeaway, generating £8700 per annum. There are also potential living quarters/storage above with scope for conversion, subject to the appropriate planning consents.
The accommodation comprises:
On the Ground Floor:
6 Gibb Street
The auctioneers have been unable to gain access to the takeaway.
8 Gibb Street:
Barbers Shop 19ft 3 x 11ft 1
Rear Store 9ft 5 x 6ft 9
Rear Lobby area
With separate wc.
Overall the potential living quarters/storage area for 6 & 8 Gibbs Street comprise:
Separate Entry
With stairs leading to potential living accommodation comprising:
Entrance Hallway
Room One 11ft 4 x 9ft 6
Room Two 11ft 5 x 5ft 7
Separate WC
Further Room 15ft x 11ft
Outside
Rear yard.
Tenure
Freehold. Part let; part vacant.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 - 0115 958 8702.
*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.
