property
DRAFT DETAILS
For sale by auction - Tuesday 22 March 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Prominent property on Oxford Street, Ripley comprising a vacant sales shop (formerly an opticians) and two bedroomed flat above
Flat let at £350 per calendar month
Prominent position on busy pedestrianised street
Ideal investment opportunity
EPC Rating: TBC
Situated in a prominent position on a busy pedestrianised street on Oxford Street is a ground floor sales shop, formerly the Eye Gallery/Opticians, with an additional separate self contained two storey flat above. Ideal investment opportunity.
The accommodation comprises:
On the Ground Floor:
Shop Floor 31ft 2 x 13ft
Room to rear 9ft x 7ft 3
Further Room 8ft 3 x 7ft 3
Kitchen 7ft x 9ft 5
Separate WC
With low flush wc.
To the side of the property there is a wrought iron staircase leading to flat.
The auctioneers have not inspected the flat but believe it to be a two bedroomed flat which is currently let at £350 per calendar month.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
