Next auction Thursday 25th April 2.30PM

23 Nottingham Road, Eastwood, Nottingham, NG16 3AH



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Guide price

£240,000


Property Type

Mixed Use

Bedrooms

2


Key Features

  • Fully let retail and residential investment
  • Total combined income of £28,800 pa
  • Located in a prime position on Nottingham Road, Eastwood

Part of the 26 April 2018 auction
Nottingham Racecourse at 2.30PM

Retail and residential investment consisting ground floor shop and 4 flats, fully let producing £28,800 per annum

  • Fully let retail and residential investment
  • Total combined income of £28,800 pa
  • Located in a prime position on Nottingham Road, Eastwood
  • 3 storey brick built property beneath pitch tiled roof
  • Retail premises at ground floor - 837 sq ft
  • Retail - let for 3 years from May 2017 at £6,000 pa
  • Flat 1 - First floor - 290 sq ft
  • Flat 1 - Let on AST producing £350 pcm
  • Flat 2 - First floor - 256 sq ft
  • Flat 2 - Let on AST producing £350 pcm
  • Flat 3 - Second floor - 287 sq ft
  • Flat 3 - Let on AST producing £350 pcm
  • Flat 4 - Second floor maisonette - 655 sq ft
  • Flat 4 - Let on AST producing £450 pcm
  • Good transport links by both car and bus
  • In proximity to a wealth of local amenities
  • EPC's have been undertaken and are available in the legal pack

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 retail and residential investment - subject to a 3 year lease of the retail unit from May 2017, 4 flats let and Maisonette on AST's (please refer to legal pack) with a combined annual income of £28,800.

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Telephone: 0115 9304 994

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