How can we help?

NEXT AUCTION - THURSDAY 16TH JUNE 2.30PM - Click here to view

Lot - 308 Carlton Hill, Carlton, Nottingham, NG4 1GD Auction Lot £150,000+ - Auction Estates

Next Auction

The Nottingham Racecourse


16 June 2022

308 Carlton Hill, Nottingham, NG4 1GD

Guide Price: £150,000+


Sold
£182,000

Key Features

  • Freehold mixed use property on the busy parade of Carlton Hill
  • Consisting of vacant retail unit, 1 bedroom first floor flat & 2 x garages to rear
  • Extensive property currently under rented offering great investment opportunity
Draft Details Only

Freehold mixed use property comprising a vacant ground floor shop, one bedroom flat above (let) and two garages to the rear (let) within the busy parade on Carlton Hill

• Freehold mixed use property
• Located within the busy retail parade of Carlton Hill
• Within 2 miles of Nottingham city centre
• Nearby occupiers: Iceland, Tesco Express & Savers
• GF: vacant retail shop previously a catering/sandwich shop
• GF: Retail shop, 2 x rear stores/kitchen, staff w/c's & shower
• GF measures circa 408 sq ft
• FF Flat: Bedroom, living room, kitchen, bathroom
• Currently let on an AST (holding over) at a rent of £320m pcm
• Self contained access to flat from side door leading to staircase
• The property benefits from a good sized yard to the rear
• 2 x garages to the rear with mezzanine
• Garages currently let (holding over) at £800pa (under-rented)
• The property and garages benefit from a recent new roof
• Combined income for flat and garages £4,640 pa
• Ideal opportunity for investors
• Red outline image for illustration purposes only

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

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:
Ground floor shop - Vacant possession
First floor flat - AST (holding over at £320 pcm (under-rented)
2 x garages - Agreement at £800 pa (under-rented)

By continuing to browse this website you agree to our use of cookies

Accept