Detached House
For Sale By Auction - Thursday 9th May 2013
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
Substantial mixed use residential/commercial property
Two retail units and self contained flat above
Potential income circa £23,000
Energy Efficiency Rating: tbc
A substantial mixed use residential/commercial property with two retail units, having a self contained flat above. The potential income is circa £23,200 per annum. The two shops are let on a new 20 year lease generating an annual income of £16,000 per annum. The flat above is currently vacant but has been previously let at £4800 per annum and the yard to the rear has previously been let at £2400 per annum.
The substantial accommodation comprises of
Two retail units
Both having retail sales areas with preparation facilities and wash room facilities.
Shop Dimension:
Shop One:
Retail Sales Area 29ft 4 x 14ft 8
Preparation Room 7ft 1 x 11ft 7
Storage Room 10ft 8 x 15ft 9
Shop Two:
Retail Sales Area 23ft x 16ft 6
The flat comprises:
Entrance Porch
With pvc double glazed entrance door.
Bedroom 12ft 4 x 15ft 9
With pvc double glazed window to the front elevation and central heating radiator.
Lounge 16ft x 11ft 9
With pvc double glazed window to the side elevation and central heating radiator.
Kitchen 7ft 9 x 12ft 4
Fitted with a range of wall and base units comprising cupboards, drawers and work surfaces, stainless steel sink unit, space for usual kitchen appliances.
Bathroom
With three piece suite incorporating panelled bath, wc and pedestal wash hand basin.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 £500 (plus VAT) payable on the fall of the hammer.
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