Woodhouse Road, Mansfield, Nottinghamshire, NG18 2BA

Location

Located between Mansfield and Mansfield Woodhouse, situated about 1 mile North of the centre of Mansfield and close to Mansfield Woodhouse train station, the property is well positioned in a densely populated residential area. Mansfield is a market town in Nottinghamshire, the town lies in the Maun Valley, 12 miles (19 km) north of Nottingham, and is near Sutton-in-Ashfield. Most of the 106,556
population live within the town proper (including Mansfield Woodhouse).

Accommodation

The accommodation comprises the following areas: A 3-storey brick built rendered property under a pitched tile roof. Ground floor commercial and basement storage - self contained, with front and rear access. First floor - 1 bedroom apartment with lounge, kitchen, bathroom and office area. Second floor - 1 bedroom apartment with lounge, kitchen, and bathroom.

Income

Flat 1: - First floor - Tenancy Start Date: February, 2022 Tenancy End Date: 16th January, 2025 - Rent: £8,100 per annum.

Flat 2: - Second floor - Tenancy Start Date: March, 2021 Tenancy End Date: 15th January, 2025 Rent: £7,488 per annum.

Salon: - Ground floor - comprising 2 lessee's with no fixed lease paying combined £8,280 per annum - this rent includes utility costs which are currently circa £5,800 per annum.

Gross income £23,868
Net income circa £18k

Tenure

Freehold. Title number NT561654

Council Tax

Band A

Rateable Value

The current rateable value is £4,300 (1 April 2023 to present).

Sourced from VOA.

EPC

Available Upon Request (Rating C).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.