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52 Victoria Street, Shirebrook, NG20 8AQ

Lot no: 83 Sold Prior to Auction
 

Guide Price £137,000+ plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.

Thursday 26th November 2020

10.30am
Key Features
  • Double Fronted Property in Prominent Location
  • Ground Floor Retail Unit Currently Run as a Haberdashery
  • Two Maisonettes at Rear
  • Both With Two Bedrooms
  • EPC Rating: TBC
  • Currently Tenanted
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Sold Prior to Auction

Mixed Use

Property Description:

Situated in this prominent position in the main square of the Shirebrook shopping area is this double fronted property.  Featuring a  ground floor retail shopping unit which is currently trading as a curtain and haberdashery store. Above are two quality, two bedroom maisonette apartments which are access from the rear. All properties area currently rented with tenants insitu.

52 Victoria Street - The store has a good open plan sales area of approximately 1428 sq ft with double windows and central entrance, beyond is a useful storage area of approximately 225 sq ft. Kitchen area, rear lobby and cloakroom/WC. Current rent is £1000 per month giving gross annual return of £12,000 pa

52a Victoria Street - Maisonette apartment with gas central heating system and double glazing and comprising entrance hall, lounge, fitted kitchen and modern bathroom, two second floor bedrooms. Current rent is £325 per calendar month giving a gross annual return of £3900 pa.

52b Victoria Street - Maisonette apartment with gas central heating system and double glazing and comprising entrance hall, lounge, fitted kitchen and modern bathroom, two second floor bedrooms. Current rent is £325 per calendar month giving a gross annual return of £3900 pa.

52 Victoria Street – Retail Unit
Showroom 51'3" x 28'7", narrowing to 27'8" (15.62m x 8.71m, narrowing to 8.43m)

Double fronted sales area

Rear Storeage Area 15'2" x 15'1" (4.62m x 4.6m)

With rear fire door exit

Kitchen Area 10'4" approx x 9'7" (3.15m approx x 2.92m)

With sink unit, gas blow boiler which does require replacement.

Rear Lobby 6'8" x 5'2" (2.03m x 1.57m)

With sink unit.

Cloakroom/WC

With low flush WC

52a Victoria Street  - Apartment
Entrance Hall

With double glazed door and understairs storage cupboard.

Lounge 13'9" x 13'10" (4.2m x 4.22m)

With double glazed window overlooking the front square and central heating radiator.

Kitchen 7'11" x 7'5" (2.41m x 2.26m)

With a range of units comprising wall and base cupboards, working surface with sink drainer sink unit and tiled splashbacks. There is a double glazed window and Ideal wall mounted gas boiler providing for the central heating and hot water.

Bathroom 7'11" x 5'2" (2.41m x 1.57m)

With a three piece suite comprising panelled bath, pedestal wash hand basin and low flush WC. Extractor fan.

Landing
Bedroom No 1 14'1" max x 8'10" (4.3m max x 2.7m)

With double glazed skylight window and radiator.

Bedroom No 2 8'3" max x 8'11" (2.51m max x 2.72m)

With double glazed skylight window and radiator.

52b Victoria Street  - Apartment
Entrance Hall

With double glazed door and understairs storage cupboard.

Lounge

With double glazed window overlooking the front square and central heating radiator.

Kitchen

With a range of units comprising wall and base cupboards, working surface with sink drainer sink unit and tiled splashbacks. There is a double glazed window and Ideal wall mounted gas boiler providing for the central heating and hot water.

Bathroom

With a three piece suite comprising panelled bath, pedestal wash hand basin and low flush WC. Extractor fan.

Landing
Bedroom No 1

With double glazed skylight window and radiator.

Bedroom No 2

With double glazed skylight window and radiator.

Tenure:

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 Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.