Next auction Thursday 22nd February 2.30PM

1-5 Ratcliffe Gate, Mansfield, Nottinghamshire, NG18 2JA



Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Sold
£109,000
Guide price

£35,000+


Property Type

Commercial


Key Features

  • A freehold town centre shop with storage accommodation above
  • In need of comprehensive refurbishment throughout

Part of the 14 December 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a freehold shop with storage accommodation above fronting the busy Ratcliffe Gate in the heart of Mansfield Town Centre.

  • Fronting Ratcliffe Gate in Mansfield town centre
  • A short walk from the Market Place & Retail Centre
  • Comprising a former number plate and graphics shop
  • Ground floor shop approx 678 sq ft (Source: VOA)
  • Includes a rear storage area off Elm Tree Street
  • First floor, three rooms and shower room/WC
  • First floor area approx 468 sq ft (source: VOA)
  • There has been a partial roof collapse to the rear
  • Resultant damage internally as shown in photos
  • Will require comprehensive refurbishment
  • Internal viewings may not be possible due to H&S
  • Electronic advertising hoarding to side elevation (let)
  • Further details to be provided in the legal pack

Contact Auction Estates on 0115 7844600

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 tenancy of the Electronic Advertising Hoarding (details to be confirmed in the legal pack)

Refer to Legal Pack

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