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NEXT AUCTION - THURSDAY 18TH AUGUST 2.30PM - Click here to view

Lot - 10-12 King Street, Sutton-in-Ashfield, NG17 1AT Auction Lot £225,000+ - Auction Estates

Next Auction

The Nottingham Racecourse


18 August 2022

10-12 King Street, Sutton-in-Ashfield, NG17 1AT

Guide Price: £225,000+


Key Features

  • Freehold mixed use town centre investment property
  • Fully let with a combined income of £23,340 pa
  • In good condition and currently under-rented
Draft Details Only

Mixed use town centre investment property fully let currently producing £23,340 per annum (£1,945 PCM) and currently under-rented

• Freehold mixed use investment in Sutton town centre
• Situated just off the main Market Place
• No 10 let to Kick at £4,200 pa (£350 PCM)
• No 12 let to Sew & Save at £3,000 pa (£250 PCM)
• 4 flats all fully let
• 3 x 1 bedroom flats
• 1 x studio flat
• All in good condition
• Fully let with an income of £23,340 pa
• Converted to a good standard
• Town centre location
• Near to Costa Coffee, Market Square & Idlewells Centre
• Large Asda supermarket close by
• Ideal investment opportunity

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 the occupational tenancies currently producing £23,340 per annum (£1,945 PCM)

Refer to Legal Pack

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