31 Outram Street, Sutton-in-Ashfield, NG17 4BA
£65,000
Mixed Use
1
Key Features
- Freehold mixed use residential and commercial investment
- Located on high street through Sutton-in-Ashfield town centre
- Ground floor lock up retail unit trading as hairdressers and first floor studio apartment with scope to create a further apartment STP
Part of the
18 June 2020
auction
Nottingham Racecourse
at
2.30PM
Freehold mixed use commercial and residential investment fully let and producing circa £10,420 pa. Located on the busy high street through Sutton-In-Ashfield town centre
- Freehold mixed use residential and commercial investment
- Located on high street through Sutton-in-Ashfield town centre
- Ground floor lock up retail unit trading as hairdressers
- Fully fitted to a good standard and trading 5 days per week
- GF will enter into a new lease at circa £6,000 pa
- GF subject to a new lease
- Entrance off Outram Street to upper floor residential
- FF - Studio apartment let on AST at £85 pw (£4,420 pa)
- FF - Open plan kitchen, living room, bedroom and shower room
- Partly converted loft conversion to a further studio
- Loft conversion does not currently meet building regulations
- Loft comprises, shower room, bedroom & living space
- Scope to complete loft conversion and increase income further
- Ideal opportunity for investors and developers/builders
Please 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 subject to AST of the first floor studio flat at a rent of £85 pw (£4,440 pa) and owner occupied ground floor salon will be let on new lease at circa £6,000 pa
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Telephone: 01623 666700