Next auction Thursday 20th June 2.30PM

16, 16A & 16B Brook Street, Sutton-in-Ashfield, NG17 1AL



Sold
Prior
Guide price

£150,000+


Property Type

Mixed Use

Bedrooms

2


Key Features

  • Freehold mixed use investment property
  • Ground floor bar and 2 x self-contained flats at first and second floor
  • Combined rental income of £17,400 pa

Part of the 20 October 2022 auction
The Nottingham Racecourse at 2.30PM

Freehold mixed-use town centre property comprising ground floor commercial unit and 2 x self contained flats above producing a combined rental income of £17,400 in the heart of Sutton-in-Ashfield

  • Freehold mixed use property
  • Situated in the heart if Sutton-in-Ashfield
  • Just off the main market place
  • Surrounded by a mix of residential and commercial property
  • GF bar measuring circa 676 sq ft (VOA)
  • Let to The First Post - Wine and Gin bar
  • 2 x self contained flats above and first and second floor
  • 16A FF: Living room/diner, kitchen, bedroom & bathroom
  • 16B SF: Living room/diner, kitchen, bedroom & bathroom
  • Property is fully let at a combined rent of £17,400 pa
  • 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 a lease of the ground floor at £500 pcm (£6,000 pa) 16A on AST at £475 pcm 16B on AST at £475 pcm Combined rent of £17,400 pa

Refer to Legal Pack

Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800

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