property
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
DRAFT DETAILS:
For sale by auction - Thursday 4 September 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Well-presented property containing a ground floor shop with self- contained one bedroomed flat above.
Flat currently let, generating £4200 per annum
Gas central heating and double glazing where specified
Ideal investment opportunity
EPC Rating: G & F
Well-presented freehold ground floor shop, currently used as a chiropodists clinic with upper floor containing a self-contained one bedroomed flat. The flat is currently rented out at £350 per calendar month, equating to £4200 per annum. The property benefits from gas central heating and double glazing where specified. Excellent investment opportunity.
The accommodation comprises:
Ground Floor Shop:
Front Reception 11ft 7 x 11ft 7
With half glazed upvc door, covered radiator, windowed front aspect.
Separate WC
With low flush wc, wall mounted wash hand basin.
Rear Office 11ft 7 x 11ft 4
With covered radiator.
Kitchen 13ft 3 x 6ft 7
With range of base units, one and quarter bowl sink, four ring gas hob, upvc double glazed window to side, radiator, window to rear aspect, half obscure upvc door to side.
Self-Contained First Floor Flat:
(Accessed from metal staircase to the rear of the building)
Breakfast Kitchen 11ft 8 x 11ft 4
With twin wall mounted unit, range of base units, radiator.
Bathroom
With coloured three piece suite with electric shower unit.
Inner Lobby
Leading to Lounge.
Lounge 11ft 6 x 9ft 4
With double radiator, upvc double glazed window to front aspect.
Inner Lobby
With stairs to Second Floor.
On the Second Floor:
Bedroom 13ft 7 x 11ft 8
With upvc double glazed window to rear aspect.
Outside
There is a piece of land to the rear of the property.
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 exchange of contracts.
Viewings
By appointment with the auctioneers - 01159 588 702.
