property
For sale by auction - Friday 5 December 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Superb investment property
Ground floor commercial, first floor residential apartment
Current income £8100 per annum
EPC Rating: TBC
Superb investment property situated in Underwood, Nottinghamshire, comprising of ground floor commercial premises, currently let at £325 per calendar month and first floor self-contained one bedroomed apartment, also currently let at £350 per calendar month.
The accommodation comprises:
On the Ground Floor:
The auctioneers have not inspected the ground floor accommodation but believe it to comprise:
Commercial Premises
Currently used as a hairdressers with a main salon, further treatment room, kitchen and toilet facilities.
On the First Floor:
Self-Contained Apartment:
Landing
Having doors off to the Kitchen and Lounge and stairs to second floor.
Kitchen 10ft 2 x 6ft 8
Fitted with a range of wall and base units comprising cupboards, drawers and work surfaces with inset stainless steel sink, space for further kitchen appliances. Window.
Lounge 13ft x 12ft 6
With night storage heater and window to the front elevation.
Bathroom
Fitted with a three piece suite comprising panelled bath, pedestal basin and low flush wc. Window to side elevation incorporation an opaque glazed unit.
On the Second Floor:
Bedroom 12ft 9 x 9ft 4
With night storage heater and window to side elevation.
Outside
To the rear of the property there is a large enclosed garden which is mainly laid to lawn.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 - 0115 958 8702.
*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.
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