property
For sale by auction - Friday 8 May 2015
At East Midlands Conference Centre, University Park, Nottingham, NG7 2RJ
Commencing at 11.30am
Commercial investment opportunity
Bingo hall and hairdressers
Combined rental income £10,800p.a
Town centre location
EPC Rating: TBC
A substantial two storey bingo hall and an adjoining hairdressers shop with total accommodation extending to approximately 691.69 sq m (7,445 sq ft).
The bingo hall is currently tenanted at £8000 per annum and the hairdressers tenanted at £2800 per annum.
The auctioneers have not had the opportunity to inspect the property internally but believe the accommodation to comprise:
Ground Floor: Bingo Club 633.19 sq m (6,816 sq ft)
Ground Floor: Hairdressers 16.10 sq m (173 sq ft)
First Floor: Staff & Ancillary 42.40 sq m (456 sq ft)
Total: 691.69 sq m (7,445 sq ft)
Approximate Total Site Area: 930.47 sq m (1,113 sq yds).
Somercotes is located approximately 18 miles north east of Derby, 25 miles north west of Nottingham and 10 miles from Mansfield to the east. The subject property is located on the Nottingham Road (B600) a main through road running from Alfreton to the north through to Nottingham in the south.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 - 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.
