property
DRAFT DETAILS
For Sale By Auction - Thursday 6th February 2014
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
Mixed use investment property producing £9,600 p.a
Ground floor retail unit
First Floor residential self-contained flat
Wide rear garden
An end of terrace property of brick construction beneath a pitched roof comprising a Ground Floor Shop with separate rear access to a recently refurbished Self-Contained Flat at first Floor. The property also includes a large rear garden.
Location
Rushden is a busy market town situated approximately 15 miles to the east of Northamptonshire and 13 miles to the north of Bedford with easy access via the A45 and A6.
The property is located at the junction with Abbots Way within a neighbourhood parade, serving the surrounding residential population.
Tenancy details:
The ground floor shop is let on a 10 year Lease from February 2007, this is a renewal of a previous lease. The Lease contains Full Repairing and Insuring covenants by way of service charge.
The First Floor Flat is let on a 6 month AST at £400 per calendar month.
Total income: £9,600 per annum.
VAT is not applicable to this property.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
