58 & 58A Victoria Road, Netherfield, Nottingham, NG4 2HG
£195,000+
Mixed Use
1
Key Features
- A freehold mixed use investment property in the heart of Netherfield town centre
- Total current rent reserved of £20,300 pa (ERV if studio converted £26,300 pa)
- Opposite Co-op and close to Post Office
Part of the
23 April 2026
auction
Nottingham Racecourse
at
2.30PM
An opportunity to acquire a freehold town centre mixed use investment property comprising a ground floor retail unit (let), first floor flat (let) and self contained first floor former music studio (vacant) with scope for conversion to residential (STP) - Previously had planning for conversion of upper floors to 5 flats (lapsed).
- Situated in the heart of busy Netherfield
- Opposite Co-op, close to the Post Office
- A short walk from two train stations
- Approximately 10 min drive into the City
- Victoria Retail Park a short distance away
- B&Q, Greggs, McDonalds, Costa & M&S
- Ground Floor Sofa & Sleep Company
- Sales area approx 1,000 sq ft
- Rear stock room, kitchen & WC (150 sq ft)
- Loading doors to rear (Moor Street)
- Self contained rear access to first floor
- Former music studio circa 430 sq ft
- Potential conversion to residential (STC)
- 58A comprises a one bedroom flat
- Shower room/WC, kitchen, bedroom, lounge
- An ideal investment opportunity
Contact Auction Estates on 0115 7844600
Fees
A buyer's premium of £1,800 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 The ground floor shop is let on a 5 year lease from 2025 with a 3 year break option at a rent of £12,500 pax. The 1 bedroom flat is let on an AST at £650 pcm (£7,800 pa). Total rent £20,300 pa (ERV when studio converted circa £26,300 pa - STP)
Refer to Legal Pack
Email: charlotte.dexter@tallents.co.uk
Telephone: 01636 813411