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Lot - 198 - 200 Highbury Road, Bulwell, Nottingham, NG6 9FE Auction Lot £135,000+ - Auction Estates

Next Auction

10 December 2020

198 - 200 Highbury Road, Bulwell, Nottingham, NG6 9FE

Guide Price: £135,000+


Sold
£220,000

Key Features

  • Freehold mixed-use investment property
  • Contains self contained ground floor lock up shop and 3 x self contained 1 bed flats
  • Fully let and producing £20,220 pa
Draft Details Only

Attractive freehold mixed-use investment property comprising ground floor lock up shop and three self contained 1 bedroom flats, fully let and producing £20,220 pa

• Freehold mixed-use investment property
• Located on the outskirts of Bulwell town centre
• Nottingham city centre circa 3.5 miles to the South
• Ground floor retil shop measuring 825 sq ft
• Let on 12 month licence from April 2020 at £4,800 pa
• Retail area to front and sun bed room to the rear
• Kitchen, store room & staff w/c to rear
• Basement and large rear yard is accessed off rear store
• Separate communal access to 3 x flats to front of the property
• Flats contain large lounge/diner, bedroom, kitchen, bathroom
• Flat 1 - GF 1 bedroom flat let on 6 month AST at £385 pcm
• Flat 1 benefits from a basement & rear yard/garden
• Flat 1 would benefit from cosmetic refurbishment
• Flat 2 & 3 - FF 1 bedroom flats let on 6 month AST at £450 pcm
• Flat 2 & 3 benefit from being fully refurbished in last 2 years
• All flats benefit from separate gas, electric and water meters
• All tenants responsible for their own council tax and utilities

VAT

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

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

Fees

For each lot, a Buyers Fee of £1,200 +vat is payable to Auction Estates where the lot value exceeds £10,000, the Buyers Fee is £600 +vat.

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 following tenancies:
GF shop - let on 12 month licence from April 2020 to Platinum Nutrition at £4,800 pa
GF Flat 1 - Let on 6 month AST at a rent of £4,620 pa
FF Flat 2 & 3 - Let on a 6 month AST's at a rents of £5,400 pa
Total income of £20,220 pa

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