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Ground Floor, 18 Hilton Crescent, West Bridgford, Nottingham, Nottinghamshire NG2 6HT

Lot no: 100 Sold at Auction for £155,000
 

Guide Price £150,000+ 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 27th April 2023

10.00am
Key Features
  • Retail Unit
  • Highly Regarded Location
  • Shop/ Offices with Kitchen and W.C.
  • Vacant Possession
  • Ideal Investment
  • EPC Rating - E
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Sold at Auction for £155,000

Shop

Property Description:

A ground floor shop / office in sought after location.

The property comprised of ground floor retail unit which was formerly uses as a recruitment office.

Main sales area, 3 offices, Kitchen and W.C.

Suitable for numerous uses, subject to any permissions required.

Believed to total around 70 sqm / 750 sqft.

Well located in the prestigious suberb of West Bridgford. Located in a Crescent of other retail units including the Co-Op and independant brands.

In excellent order throughout with own utility supplies and meters. Internally it is partitioned into separate rooms but this is only stud work so could be opened up.

An ideal investment with estimated rental value in the region of £12,000 per annum.

Offered with a new 999 year lease/ virtual freehold.

Main Shop 7.36m x 3.40m max

With entrance door and large feature windows to the front.

Office One 3.50m x 2.30m

With radiator and carpet flooring.

Office Two 3.85m x 3.04m

With radiator and carpet flooring.

Office Three 3.27mx 2.30m

WIth radiator and carpet flooring.

Kitchen

With base and wall unit, work surfaces, sink, space for appliances and radiator.

Rear Lobby

With wall mounted combi boiler servicing hot water and heating and sink unit.

Cloakroom

WIth low flush w.c. radiator and window.

Leasehold Information

Buyer will be required to enter into a new lease which is included in the legal pack. Lease is for a term of 999 years. Ground rent is confirmed as being £250 per annum and service charge will be payable in accordance with Schedule 6 of the Lease.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£250

Unexpired Years

999



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 (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

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.