209 Radford Road, Nottingham, NG7 5GT

property

For sale by auction - Thursday 11 February 2016

At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE

Commencing at 11.30am

Mixed use residential and retail investment property

Retail shop with two bedroomed flat above

Currently let at a combined income of £13,440 per annum

Well located in the Hyson Green area of Nottingham

EPC Rating: TBC

Retail and residential mixed use three storey investment property, well located within the busy Hyson Green area, close to Asda and adjacent to the tram. The shop is currently let at £600 per calendar month and the flat is let at £520 per calendar month, generating approximately £13,440 per annum whilst fully let. Ideal investment opportunity.

The accommodation comprises:

On the Ground Floor:

Shop Floor 28ft 5 x 11ft 1

Additional Store Room

WC

Wrought iron gate and path leading to flat above.

The Flat above has not been inspected by the auctioneers but believe it to comprise a gas centrally heated two storey, two bedroomed flat comprising:

Lounge

Kitchen

Two Bedrooms

Bathroom

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.