116 & 116A Hucknall Road, Nottingham, Nottinghamshire, NG5 1AD
Post
£90,000
Investment
1
Key Features
- Freehold mixed use property fully let and producing £10,800 per annum
- Comprising Beauty shop at ground floor and 1 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 Lash Doll at ground floor & self contained one bed flat above producing a combined income of £10,800 per annum
- No 116: Hairdressers shop let at £5,400 per annum
- VOA report floor area of shop to be 149 sq ft
- Let on a 2 year tenancy agreement with 1 year break
- Lease commencement date 08/01/18
- No 116A: A spacious & well presented one bed flat
- Let on an Assured Shorthold Tenancy at £5,400 pa
- EPC: D
- Occupying a prominent roadside location
- Convenient location, close to city centre
- An ideal investment opportunity
- Red line for illustration purposes only
FINAL viewing date: Wednesday 5th December at 1.30pm. 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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. 116 Let on 2 year lease with 1 year break from 08/01/18 at a rent of £5,400 pa. 116A Let on AST at a rent of £5,400 pa.
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Telephone: 0115 9304 994