Commercial Property
DRAFT DETAILS
The property consists a prominent three storey mid terrace with access fronting Mansfield Road. The accommodation is currently configured as serviced office space consisting of 5 separate Offices each with secure fire doors and benefiting from two communal kitchens and three communal Wcs. The building also benefits from Fire alarm and Intruder alarm along with CCTV. The vendor has advised these, along with the desks and cabinets will all remain.
We feel there is scope for future change of use owing to the prominent location within an area of demand for apartments.
The building would lend itself well to this kind of change of use due to its layout internally over three stories subject to obtaining planning consent.
Let on a licence with 6 months’ notice period
Vacant previously occupied by owners
Occupied on a licence with a 3 month notice period
Occupied on a licence with a 3 month notice period
Vacant
The property is located along the Mansfield Road next to the Junction with Nottingham Road in a very prominent position. The area comprises a mixture of local and national retailers along with some residential dwellings. There is on street free parking available within the immediate vicinity along with a large car park.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers
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.
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