Mixed Use
DRAFT DETAILS. A three storey mixed used property comprising a ground floor retail unit and four/five self contained flats/studios to the first and second floors. We have been informed that the retail unit is currently vacant and all the flats are currently let achieving circa £22,440 per annum (please see legal pack). We believe the retail until has previously been let at £4,800 per annum (£400pcm). The property is situated on a prominent corner position along Portland Road which provides main access into the centre of Hucknall.
The auctioneers have not inspected the property but believe it to comprise:
Believed to be let at £430pcm
With room, separate kitchen, bathroom/shower room. Believed to be let at £390pcm.
With room, separate kitchen, bathroom/shower room. Believed to be let at £390pcm.
With room, separate kitchen, bathroom/shower room. Believed to be let at £350pcm.
With en-suite. Believed to be let at £310pcm.
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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