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Former Star Grill, 8 Nottingham Road, Eastwood, Nottingham NG16 3NQ

Lot no: 22 Sold at Auction for £44,000
 

Guide Price £38,000+ 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 30th November 2023

10.00am
Key Features
  • Three storey end terrace freehold with vacant possession
  • A3 Takeaway to ground floor
  • Prominent location in heart of Eastwood town centre
  • Very busy position close to pubs and bars
  • Four rooms across two upper floors
  • Potential for residential conversion to upper floors (stpc)
  • Rare opportunity at sensible price
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Sold at Auction for £44,000

End of terrace house

Property Description:

Occupying a prime position at the heart of Eastwood town centre, this three storey end-terraced property formerly ‘Star Grill’ represents an excellent opportunity at a sensible price.

The property which is need of some modernisation has the former takeaway on the ground floor with kitchen and WC, the upper parts have four rooms across two floors.

Ground Floor:

Takeaway area, kitchen, wc.

First Floor:

Two rooms.

Second Floor:

Two rooms.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Please Note

PLEASE NOTE: Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is related to an employee of SDL Auctions. If you have any queries regarding this, please contact us for further information.

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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers 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.