property
For sale by auction - Friday 5th December 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Mixed use investment property
Ground floor sales area (currently a takeaway), and a
Two storey two bedroom apartment above
EPC Rating: TBC
A commercial premises on a corner plot in a busy area which also benefits from having a 2 storey, 2 bedroom apartment above. This property has scope for re-development as the apartment above has potential to be re-configured. We have been informed by the owner that the property has an A3/A5 licence.
Please Note: Fixtures and fittings are not included in the sale.
Ground Floor
Sales Area 32ft 9 X 13ft 4 (9.98m x 4.06m)
Three large windows and one large double glazed window, 2two radiators and two air conditioning system. Access door to flat above, storage cupboard and access to WC. Access behind counter to kitchen area.
Kitchen Area 30ft 1 x 9ft (9.17m x 2.74m)
Fitted kitchen units. Stainless steel worktops throughout, stainless steel walls. Extractor fans, door to bin/store area and door to staff toilet.
Customer Toilet
Fully tiled floor and walls, wash hand basin, WC and extractor fan.
Staff Toilet
Fully tiled walls, low level WC and wash hand basin.
Flat Entrance
Double glazed UPVC door gives access to ground floor landing.
Ground Floor Landing
Stairs to First Floor
First Floor Landing
Access to lounge, kitchen and stairs to second floor landing.
Lounge 15ft 9 x 13ft 6 (4.80m x 4.11m)
Four large windows, gas fireplace
Kitchen 14ft x 9ft (4.27m x 2.74m)
Complete fitted kitchen with base and wall units, space for washing machine and numerous fridge/freezers. Access to bathroom and WC.
Bathroom
Wash hand basin, bath and electric shower over, window and radiator.
Separate WC
Second Floor
Second Floor Landing
Bedroom 1 16ft 1 x 13ft 6 (4.90m x 4.11m)
Radiator, four large windows.
Bedroom 2 14ft 6 x 9ft 10 (4.42m x 3.00m)
Window, radiator, range of cupboards, wardrobes and drawers.
Tenure
Freehold. Vacant possession on completion.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
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