Mixed Use
DRAFT DETAILS
A mixed use investment property believed to be currently let at £18,500 per annum. Conveniently situated within close proximity to Bulwell market place. We believe the ground floor shop is let to a charitable trust at a rent of £8,000 per annum. and the flats are let at a combined rental income of £10,500 per annum.
The property comprises of a ground floor retail unit which has a prominent frontage onto Main Street with main retail sales space, storage to rear and staff kitchen and wc facilities. The two one-bedroomed flats above benefit from separate access via a doorway adjacent to the retail premises and are located on the first and second floors. Both have been decorated to a high standard with double glazed windows, open plan kitchen/living area, double bedroom and fully tiled en-suites. There is also a rear yard with two parking spaces for the flats and access to the retail unit.
Bulwell is a well established location approximately 5 miles north of Nottingham city centre and is situated close junction 26 of the M1 and the A610 road networks.
The accommodation briefly comprises:
59 sq m (641 sq ft)
with storage to rear, staff kitchen and wc facilities.
38.7 sq m (417 sq ft)
Decorated to a high standard with double glazed windows, open plan kitchen/living area, double bedroom and fully tiled en-suite.
33.9 sq m (365 sq ft)
Decorated to a high standard with double glazed windows, open plan kitchen/living area, double bedroom and fully tiled en-suite.
Rear yard with two parking spaces for the flats and access to the retail unit.
Freehold.
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.
