5 & 5A Station Road, Long Eaton, Nottingham, NG10 2DF
£85,000+
Mixed Use
Key Features
- Freehold mid-terrace mixed use property
- Ground floor shop and first floor flat let at combined rent of £10,140 pa
- Situated in the centre of Long Eaton a short walk from the High Street
Part of the
23 February 2023
auction
The Nottingham Racecourse
at
2.30PM
Freehold mid-terrace mixed use property situated a short walk from Long Eaton High Street comprising a ground floor shop and a first floor one bedroom flat with a Total Current Reserved Rent of £10,140 pa.
- Freehold mid-terrace mixed use property
- Situated a short walk from Long Eaton High Street
- Close to the Long Eaton Train Station
- Comprising ground floor shop and first floor flat
- GF: shop circa 319 sq ft (VOA)
- Let on 1 year lease to January 2024 at £5,400 pa
- FF Flat: bedroom, bathroom, kitchen/living room
- Flat is accessed via a metal staircase to the rear
- Flat is let on an AST (holding over) at £395 pcm
- Flat in need of refurbishment throughout
- Ideal opportunity for investors
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 ground floor shop let on 3 year lease to November 2022 at £5,000 pa and the first floor flat being let on an AST (holding over) at a rent of £395 pcm (£4,740 pa).
Refer to Legal Pack
Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800