Mixed Use
DRAFT DETAILS
Imposing three storey double fronted mixed retail and residential property, set on a corner position on the busy Queens Road in Beeston town centre. The building comprises of a large ground floor retail unit and three self contained apartments.
We have been informed all three apartments are currently let on assured shorthold tenancy agreements generating a combined income of £15,780. The shop is being sold with vacant possession on completion however, we believe has been previously let at £8,750 per annum, Therefore, when full let the property could achieve circa £24,500 per annum.
Conditional Planning Permission was granted by Broxtowe Borough Council on 17th January 2013 for Change of use of ground floor from retail (Class A1) to flat (Class C3), reconfigure and enlarge existing flat and external alterations to property. This has now lapsed.
The accommodation comprises:
10.3m x 6.3 m
We have been informed the retail until will be sold as seen.
4.0m x 4.5m
1.2m x 1.1m
2.5m x 3.8m
1.7m x 1.7m
3.5m x 3.9m
2.4m x 5m
2m x 3.5m
We have been informed the tenants are due to vacate on 10th March 2018.
2.5m x 3.8m
1.7m x 1.7m
3.5m x 3.9m
2.4m x 5m
2m x 3.5m
To the rear of the property there is a concrete yard accessible from Windsor Road to provide private parking for a single vehicle and entrance to the apartments.
Freehold. Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
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