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Lot - 10-12D King Street, Sutton-in-Ashfield, NG17 1AT Auction Lot £150,000+ - Auction Estates

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Nottingham Racecourse

27 February 2020

10-12D King Street, Sutton-in-Ashfield, NG17 1AT

Guide Price: £150,000+


Key Features

  • Mixed use investment property
  • Potential income when fully let £24,120 pa
  • Town centre location
Draft Details Only

Mixed use town centre investment property part let currently producing £15,780 per annum (£1,315 PCM) with a potential income when fully let of £24,120 pa (£2,010 pcm)

• No 10 let to Vandellas at £4,200 pa (£350 PCM)
• No 12 let to Sew & Save at £3,000 pa (£250 PCM)
• 12A: 1 bed flat let at £4,800 pa (£400 PCM
• 12B: 1 bed flat let at £3,780 pa (£315 PCM)
• 12C: 1 bed flat vacant previously let at £4,800 pa (£400 PCM)
• 12D: 1 bed studio vacant previously let at £3,540 pa (£295 PCM)
• Potential income when fully let £24,120 pa
• Converted to a good standard
• Town centre location
• Near to Costa Coffee, Market Square & Idlewells Centre
• Large Asda supermarket close by
• Ideal investment opportunity


Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.


FINAL viewing date: Thursday 20th February at 3.45pm

Important Notices

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 currently producing £15,780 per annum (£1,315 PCM)

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