Commercial
DRAFT DETAILS ONLY.
A superb mixed use investment property comprising of three lock-up retail units and one residential flat with the potential to add additional living accommodation over.
Number 4 Nottingham Road is a lock up shop currently let under a three year tenancy from September 2011 at £370 per calendar month.
The accommodation briefly comprises two retail units with kitchen and wc facilities to the rear.
Number 6 Nottingham Road has had the same tenant for 22 years and is let on a new seven year lease from October 2011 at £450 per calendar month.
The accommodation comprises of a large retail area with store room, kitchen preparation area and wc facilities to the rear.
Number 8 Nottingham Road is let on a twenty year lease from October 2011 at £4,000 per annum.
The accommodation comprises a retail area with preparation, storage and wc facilities to the rear.
With access from Church Street, there is a large two/three bedroom flat over the shops. The accommodation comprises
Entrance Hall
with doors off to the dining room, lounge, kitchen, bedrooms and bathroom.
Lounge
With windows to the front elevation and storage heater.
Dining Room
With window to the front elevation and storage heater.
Bedroom One
With window to the front elevation and storage heater.
Bedroom Two
With window to the front and storage heater.
Bathroom
With usual suite of fittings.
Kitchen
With a range of wall and base units with roll top working surfaces having an inset stainless steel sink unit, space for free-standing appliances. There is an additional staircase running from the hallway leading to the second floor accommodation which requires a full scheme of refurbishment to bring it into use. This would offer excellent potential to increase the living accommodation.
The flat is currently let on a new six month assured shorthold tenancy at £275 per calendar month.
Directions
The properties can be found at the end of Nottingham Road within the centre of Eastwood town centre.
Vendors Solicitors Licensed Conveyancers
Robert Barber, 7 Church Street, Eastwood, Nottingham NG16 3BP telephone 01773 787878
NOTE
The auctioneers have not seen the tenancy agreements and are relying on information provided to them from the seller.
Tenure
Freehold. Subject to tenancies.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £495 (inc VAT) payable on the fall of the hammer.
FOR SALE BY AUCTION: THURSDAY 1ST DECEMBER
AT PRIDE PARK STADIUM, DERBY
COMMENCING AT 11.30 AM
Superb investment opportunity
Current income £17,140 p.a.
Three lock-up shops
Living accommodation over
