Detached House
For Sale By Auction - Tuesday 11 December 2012
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
Mixed use investment property
Two double fronted retail units
Two self-contained flats above
Generating an income of £11,800 p.a. - scope for increase
An opportunity to acquire an excellent mixed use investment property with scope to increase the rental income.
THE AUCTIONEERS HAVE NOT INSPECTED THIS PROPERTY
6, 8 & 10 Patchwork Row, Shirebrook
A mixed use investment property comprising a double fronted shop with flat above, situated in the centre of Shirebrook, currently generating £7900 per annum.
ACCOMMODATION:
Ground Floor : Double fronted retail unit.
First Floor : Self-contained flat.
12,14 &16 Patchwork Row, Shirebrook
A mixed use investment property comprising of a double fronted retail unit with residential accommodation above. Situated close to the centre of Shirebrook. Potential income when fully let in the region of £7700 per annum.
ACCOMMODATION:
Ground Floor : Double fronted retail unit.
First Floor : Self-contained flat
TENANCY DETAILS The flat is currently let at £3900 per annum and the retail unit was last let at £3840 per annum but is currently vacant.
Note: This property is being sold as one lot and is on one title.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
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