property
For sale by auction - Friday 17th October 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Prominent three storey building, currently a mixed use investment property
Ground floor sales area (currently a takeaway)and two bedroomed flat above, currently generating a total of £11,220 per annum
Conveniently situated close to Stapleford town centre
EPC Rating: D & C
Prominent three storey building, currently a mixed use investment property, situated close to Stapleford Town Centre and all its amenities. The Ground Floor Sales Shop extends to approximately 382 sq ft, with a self-contained two bedroomed flat above. We are led to believe that the property generates circa £11,220 per annum total. (The takeaway generates £475 pcm and the flat generates £460 pcm). Ideal investment opportunity.
The accommodation comprises:
On the Ground Floor: (currently a hot food takeaway)
Sales Area 15ft 4 x 11ft 3
With laminate wood flooring.
Rear Lobby
Leading to Kitchen Area.
Kitchen Area 12ft 1 x 11ft 5
Rear Storage Area
With access to WC
Cloakroom
With low flush wc.
Further outside rear storage area.
An external staircase to the rear of the property provides access to the flat above. The accommodation comprises:
On the First Floor:
Kitchen
Lounge
Bathroom
On the Second Floor:
Two Bedrooms
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
*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.
