property
For sale by auction - Friday 17th October 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Ground floor commercial premises and two x two bedroomed flats above
Ground floor premises currently let at £8000 per annum
Two flats have been previously let, generating £9600 per annum
Ideal investment opportunity
EPC Rating: Commercial - C, Flat 236a - F, Flat 238a - G
Ground floor commercial premises, currently let by bookmakers Betfred who are holding over on an existing lease at £8000 per annum, and two x two bedroomed self-contained flats above. We understand that the two flats have been previously let at £400 pcm per flat (£9600 per annum total) Ideal investment opportunity.
The accommodation comprises:
Commercial Area (currently bookmakers) 27ft 2 x 22ft
With separate ladies and gents wc.
Side entry and stairs leading to Flat One comprising:
Entrance Hallway
Kitchen 7ft 8 x 7ft 7
With range of base units, twin wall mounted unit, single drainer sink unit, tiled splashback areas, upvc double glazed window to front aspect.
Lounge 20ft 8 x 12ft 3
With window to front aspect.
Shower Room
With shower cubicle, pedestal wash hand basin, low flush wc. Velux window.
Further stairs to bedroom one.
Bedroom One 13ft 4 x 12ft 2
With airing cupboard, window to front aspect.
Bedroom Two 14ft 2 x 5ft 6
With Velux window.
Flat Two
The auctioneers have been informed that there is another two bedroomed flat, however we have been unable to inspect this.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
