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Mixed Use in Nottingham

123, 123A, 123B, 123C & 123D Portland Road, Hucknall, Nottingham, NG15 7SF

Lot no: 13 Property type: Mixed Use Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £140,000+plus fees Result Sold at Auction £161,000



A three storey mixed used property

Property Description

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:

Ground Floor Retail Unit
Two Bedroomed Flat

Believed to be let at £430pcm

Flat One

With room, separate kitchen, bathroom/shower room. Believed to be let at £390pcm.

Flat Two

With room, separate kitchen, bathroom/shower room. Believed to be let at £390pcm.

Flat Three

With room, separate kitchen, bathroom/shower room. Believed to be let at £350pcm.

Studio Room

With en-suite. Believed to be let at £310pcm.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*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, 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. 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 the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

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 or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.