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7 Beighton Street, Sutton in Ashfield, Nottingham, NG17 4EG

Lot no: 4 Sold at Auction for £73,500
 

Guide Price £46,000+ 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.

Thursday 6th June 2019

11.30am
Key Features
  • Freehold commercial premises
  • Ground floor workshop with offices
  • Excellent motorway links to A38 and M1 motorway, conveniently situated 1 mile from Kingsmill hospital and 3 miles from Mansfield town centre
  • Would suit owner occupier or investor
  • EPC Rating: E
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Sold at Auction for £73,500

Commercial Property

Property Description:

An excellent opportunity to acquire a vacant, two storey mid terraced commercial premises with ground floor workshop/trade counter space and office accommodation above. The business has been a successfully family run textiles and pneumatics business for many years, however due to expansion and relocation the premises are being put up for sale.

The building would suit anyone wanting to run a commercial business and lends itself to several different uses. The building is secure and may suit a builder (previously a builder’s merchants) the property would make an excellent garage for car enthusiasts or repairs with vehicular access via sliding shutters to the front leading directly into the workshop. The property may convert to residential subject to obtaining the necessary planning consents. There is three phase electrics to the building.

Alternatively, the property may suit investors with commercial and/or residential portfolios.

The pedestrian entrance leads to a small reception area, to the right is a stairwell to the first floor. There is a doorway from the reception leading to the ground floor workshop/trade counter area. A second flight of stairs from the workshop leads to the first-floor offices. There is also a fire escape leading directly from the workshop into the shared car park to the rear of the premises.

The first floor consists of three separate offices, a staff kitchen and separate ladies and gent’s Wc’s. The first-floor office layout is largely stud partitioned so could be opened up and/or re-configured to suit.

The accommodation comprises:

Ground Floor
Reception

17 m2 (184 sq ft)

Small Workshop

13.7 m2 (147 sq ft)
Accessed via sliding secure shutters to the front leading to the main workshop.

Main Workshop/Trade Counter Area

81.28m2 (875 sq ft)

First Floor:
Front Office

24m2 (258 sq ft)
With three front facing windows and two radiators.

Rear Office

14.9m2 (160 sq ft)
With two windows overlooking rear of property, two radiators.

Third Office

11.22m2 (120.7 sq ft)
With radiator.

Staff Kitchen

4m2 (43 sq ft)
With base units and fitted sink.

Ladies and Gents Wc
Outside Area

Fire escape from rear of the ground floor workshop leads to a shared free public car park.

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.