property
DRAFT DETAILS
For Sale By Auction - Tuesday 5th November 2013
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
Freehold mixed use investment multi-let to retail and residential occupiers
Currently producing £11,700 per annum
Scope for additional tenancies
Opportunity to further develop subject to planning consent
EPC Rating: tbc
Situated on Nottingham Road, Eastwood, the property is a mixed use investment, multi-let to retail and residential occupiers, currently producing £11,700 per annum.
The retail sales area and counter is occupied by the Post Office. To the rear of this a further substantial retail area is currently vacant, which can be accessed from both Nottingham Road and also to the rear. To the first floor there is a self-contained two bedroomed flat, which is currently let on an Assured Shorthold Tenancy.
Location
The property is situated on Nottingham Road within the town
s main retailing thoroughfare.
Eastwood is situated approximately 4 miles north east of Nottingham, with excellent road access via the A610 to the M1 Junction 26.
Tenure
Freehold. Subject to tenancy.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
