3/3A Radford Road, Nottingham, NG7 5DQ
£195,000+
Mixed Use
2
Key Features
- Freehold fully let mixed use investment property
- A3/A5 unit & self contained 2 bedroom flat
- Fully let & producing £21,000 per annum
Part of the
17 April 2019
auction
Nottingham Racecourse
at
2.30PM
Freehold fully let mixed use investment property comprising ground floor A3/A5 takeaway unit & self contained 2 bedroom flat above, fully let & producing £21,000 per annum.
- Ground floor: Miorita Grill House, Eastern European Cuisine
- Sales area with rear prep/stores: 38 sqm (409 sq ft)
- Good trading position on this busy section of Radford Road
- 3 EPC - D
- Self contained flat over first & second floors
- First floor: hallway, bathroom, kitchen & lounge
- Second floor: two bedrooms
- 3A EPC - E
- Popular rental location in the heart of bustling Radford
- Close to a wealth of local amenities
- Ideal investment opportunity
Next viewing date: Wednesday 3rd April at 12.00pm
Fees
A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
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.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Freehold, subject to the occupatioal tenancies. Ground floor A3/A5 unit let until 31.10.2019 at £14,400 per annum. Upper floor flat (3A) let on an AST to 29.04.2019 at £6,600 per annum. Total comined annual inome £21,000 pa.
Email: s.hale@ellis-fermor.co.uk
Telephone: 0115 922 1591