Next auction Thursday 22nd February 2.30PM

7 & 7A Carlton Road, Nottingham, NG3 2DG



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Guide price

£98,000


Property Type

Mixed Use

Bedrooms

4


Key Features

  • Freehold mixed use property fully let and producing £10,140 per annum
  • Comprising Gents Barber shop at ground floor and 4 bed flat above
  • Prominent location close to the city centre

Part of the 13 December 2018 auction
Nottingham Racecourse at 2.30PM

Freehold, fully let mixed use investment property, let to a Barbers shop & s/c four bed flat above producing £10,140 per annum.

  • No 7: Gents Barber shop let at £4,200 per annum
  • VOA report floor area of shop to be 588 sq ft
  • Let on a 12mth tenancy agreement
  • No 7A: A spacious & well presented four bed flat
  • Let on an Assured Shorthold Tenancy at £5,940 pa
  • Occupying a prominent roadside location
  • Convenient location, close to city centre
  • In a growth location with new developments nearby
  • An ideal investment opportunity
  • Red line for illustration purposes only

FINAL viewing date: Friday 7th December at 12.30pm. Please arrive promptly for the viewing start time.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 as detailed below

TBC

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