Next auction Thursday 20th June 2.30PM

8 Toothill Road, Mansfield, Nottinghamshire, NG18 1NW



Sold
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Sold
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Guide price

£125,000+


Property Type

Commercial

Bedrooms

4


Key Features

  • Fully let Town Centre restaurant premises
  • 126 cover restaurant arranged over ground and first floor
  • Fully licensed bars at ground and first floor
  • 4 bedroom owners accommodation at first floor
  • Off street parking allocated for two vehicles

Part of the 27 September 2017 auction
Nottingham Racecourse at 2.30PM

Freehold commercial investment property let on a 30 years lease from July 2001 producing £9,500 pa

  • * Fully let Town Centre restaurant premises * Ground floor Restaurant 1,330 sq ft * Ground floor kitchen/store 376 sq ft * First floor function room 635 sq ft * First floor accommodation 700 sq ft * 126 cover restaurant arranged over ground and first floor * Kitchen facility located to the rear of the ground floor with a dumb waiter * Fully licensed bars at ground and first floor * 4 bedroom owners accommodation at first floor * Off street parking allocated for two vehicles

For viewings please contact Auction Estates 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 existing lease to The Chand Restaurant for 30 years from July 2001, expiring on 8th July 2031 with no break clauses at a rent of £9,500 pa.

C

Email: peter.sutherland@larken.co.uk
Telephone: 01636 703 333

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