Detached House
DRAFT DETAILS
For sale by auction - Friday 10th July 2015
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Freehold building comprising of a retail unit and flat above
Currently part let, part vacant, potential rental income circa £13,200
Situated in the prime shopping location at Hyson Green
EPC Rating: TBC
Freehold building arranged as ground floor retail and upper part self-contained one bedroomed flat, situated within this prime local shopping area of Hyson Green, which comprises of a mix of national and regional independent retailers, and is within easy reach of Nottingham City Centre. The ground floor retail unit is believed to be rented at £700 per calendar month. The self-contained flat above is currently vacant but can be let at circa £400 per calendar month, giving a potential annual rental income in the region of £13,200. Viewing highly advised.
The accommodation comprises:
On the Ground Floor:
Downstairs Retail Unit 14ft 9 x 14ft 1
With glazed window to front aspect.
Rear Room 14ft 7 x 11ft 6
Having window to rear aspect.
Kitchen Area
With twin wall mounted and base unit.
Separate WC
On the First Floor:
Further Room (belonging to shop) 13ft 10 x 11ft 11
Upstairs WC
Self-Contained Flat (153a - Having access from rear of shop) comprising:
Entrance Hallway
With radiator.
Lounge 15ft x 11ft 11
Having radiator, window to front aspect.
Kitchen 9ft 1 x 6ft 8
With range of wall mounted and base units, single drainer sink unit, window to rear aspect.
Bedroom One 14ft 9 x 12ft
Having radiator, window to rear aspect
Bathroom
With three piece suite comprising panelled bath, pedestal wash hand basin, low flush wc.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
