511 & 511a Woodborough Road, Mapperley, Nottingham, NG3 5FR
£110,000+
Mixed Use
1
Key Features
- Freehold mixed use property on the busy and popular Woodborough Road
- Comprising ground floor shop and maisonette over first and second floors
- Combined rental income of £12,400 pa
Part of the
28 April 2022
auction
The Nottingham Racecourse
at
2.30PM
Freehold mixed use mid-terrace property comprising ground floor retail shop Let to Billy Vapes at £600 pcm (£7,200 pa) and upper floor maisonette Let at £100 pw (£5,200 pa) on the popular Woodborough Road
- Freehold mid-terrace mixed use property
- Situated on the popular Woodborough Road
- Close to Aldi Supermarket & 1.5 miles from the city centre
- Located on a busy bus route with buses in and out of the city
- Ground floor retail shop Let to Billy Vapes
- GF: shop, store, w/c's and kitchen measuring circa 393 sq ft
- Let and producing £600 pcm (£7,200 pa)
- Residential maisonette accessed via a rear metal staircase
- FF: Kitchen/diner, bathroom, hallway, living room
- SF: double bedroom with Dorma window
- Currently let and producing £100 pw (£5,200 pa)
- Combined annual income of £12,400 pa
- On street parking available to the front
- Ideal opportunity for investors
Please contact Auction Estates on 0115 7844 600
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 following agreements: 511 (shop) - Let to Billy Vapes at £600 pcm (£7,200 pa) 511a (maisonette) producing £100 pw (£5,200 pa) Total combined income of £12,400 pa
Email: iant@cleggssolicitors.com
Telephone: 0115 977 5801