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69 Main Street, Long Eaton, Nottinghamshire NG10 1GW

Lot no: 23 Sold at Auction for £176,000
 

Guide Price £160,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Friday 14th December 2018

11.30am
Key Features
  • Mixed use opportunity in Long Eaton town centre
  • Three newly refurbished one bed apartments
  • Refurbished retail unit
  • Would suit owner occupier or investor
  • EPC Rating: C, E, E, D
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Sold at Auction for £176,000

Mixed Use

Property Description:

The retail unit is on the ground floor fronting Main Street, with a ground floor one bed apartment with separate access within a single story extension to the rear of the premises. There are two further one bed apartments on the first and second floors accessed via a separate entrance to the side of the premises.

The retail unit was previously a takeaway, which has recently been refurbished and made ready for re-occupation subject to some light finishing works.

All three apartments have been refurbished throughout to a good standard with bathrooms and kitchens largely installed, again subject to some light finishing works. There are double glazed windows installed throughout the property.

This opportunity would suit an owner-occupier or investor with commercial and residential portfolios.

GROUND FLOOR:
Retail: 37.48m2 (403sq ft)

Having glazed frontage with staff wc and small kitchenette with sink and wall and base units.

Ground Floor Apartment 1

Comprising -

Kitchen/Living/Diner: 16.55m2 (178sq ft)

With fitted kitchen having wall and base units, radiator and windows overlooking the rear of the property.

Bathroom: 3.8m2 (41sq ft)

With bath, wc, sink and radiator.

Bedroom: 13.9m2 (150 sq ft)

With side facing window, radiator, boiler cupboard.

First Floor Apartment 2

Comprising -

Kitchen/Living/Diner: 16.6m2 (179sq ft)

With fitted kitchen having wall and base units, radiator and windows overlooking the front of the property.

Bathroom: 3.6m2 (39sq ft)

With bath, wc, sink and radiator.

Bedroom: 7m2 (75 sq ft)

With rear facing window, radiator.

Second Floor Apartment 3

Comprising -

Kitchen/Living/Diner: 13.9m2 (150sq ft)

With fitted kitchen having wall and base units, radiator and windows over looking the front of the property.

Bathroom: 4.2m2 (45sq ft)

With bath, wc, sink and radiator.

Bedroom: 9.75m2 (105sq ft)

With rear facing window and radiator.

Tenure:

Freehold. Vacant possession upon completion.


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.