Mixed Use
A substantial mixed use property set over 4 floors, within a thriving part of Nottingham with huge potential and offering a significant investment opportunity
This property is located within an area of high demand in Daybrook NG5, there are retail shops and outlets as well as supermarkets and coffee shops within walking distance.
The current tenants have left, vacated the retail unit and will soon be vacating the duplex apartment above thus offering lots of potential for the incoming investor. The investment property has many options (STPP) it could remain a mixed use building, be converted to apartments with the bonus of an unused garage offering potential for further development. An extension could also have some merit to maximise the return available
The property in brief comprises of the following:
Basement with 2 rooms
Ground Floor with retail area of approx 29ft x 18ft, kitchen, a range of storage rooms, WC and access to the rear yard and 1st floor (Currently blocked off)
1st Floor with living / Dining rooms, kitchen, bedroom, bathroom, WC/Utility and access to the 2nd floor
2nd Floor with 2 double bedrooms
Viewings are available, please contact the office for more details
These sales details are awaiting vendor approval.
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 under an Unconditional sale type.
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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
