Detached House
Guide Price: £275,000+
For sale by auction - Thursday 15 May 2014
At East Midlands Conference Centre, Nottingham, NG7 2RJ
Commencing at 11.30am
DRAFT DETAILS
Grade II listed four storey office building with redevelopment potential in an exclusive residential area close to the City Centre
Includes a self contained lower ground floor office unit let at £4,000 p.a.
Potential to create 3 self contained apartments (subject to p/p)
Total net internal floor area approx. 1958 sq ft.
Four parking spaces to the rear
EPC Rating: E
A superb opportunity to acquire an attractive, four storey office building fronting Derby Road. The freehold property is situated at the entrance to The Park, an exclusive residential area, within Nottingham City Centre. Viewing is highly recommended.
The lower ground floor office is currently let to SJM Projects Ltd trading as residential letting agents City Lettings at a rent of £4,000 p.a. The tenants are due to vacate of 28th April.
The current vendor is in the process of applying for planning permission to create 3 self contained apartments.
The accommodation comprises;
Lower Ground Floor Office Unit (approx. 462 sq ft)
With two office rooms, kitchen and w.c.
Separate Lower Ground Floor Store approx. (approx. 52 sq ft)
Ground Floor Offices (approx. 369 sq ft)
First Floor Offices (approx. 439 sq ft)
Second Floor Offices (approx. 441 sq ft)
Attic Storage (approx. 195 sq ft)
Outside
There are four parking spaces located to the rear, one space is currently let to the lower ground floor tenant.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on the fall of the hammer.
