2 bedroom semi-detached house for sale164 Porchester Road, Mapperley, Nottingham, NG3 6LG
- Large mixed use investment property
- Vacant commercial unit to ground floor with two flats above
- Two flats currently let at a total income of £725 pcm
- Potential rental income circa £17,000 per annum when fully let
- EPC Rating: 164 Porchester: G, Flat 1 and 2: G
For sale by auction on Wednesday 14th December 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11:30 am
Large mixed use investment property comprising commercial premises to ground floor and two flats above. Potential rental income circa £17,000 p.a. when fully let.
Large mixed use investment property, providing commercial premises on the ground floor and two residential flats on the upper floors. The property is situated in a prominent trading position of a busy road close to local shops, schools and public transport links. There is also potential to convert the ground floor into residential flats. (subject to necessary planning consents). Currently the two flats to the upper floors are let at £350 pcm and £375 pcm and the ground floor is vacant. Potential high yielding investment opportunity achieving approximately £17,000 per annum when fully let. Superb investment opportunity.
In brief the accommodation comprises:
12ft 8 x 11ft 2
With upvc double glazed window to front aspect.
Rear Shop Floor Area
12ft 10 x 14ft 5
Having upvc double glazed window to side.
9ft 8 x 7ft 9
With range of base units, single drainer sink uni.
Having low flush wc, wall mounted wash hand basin.
9ft 7 x 6ft 4
Studio Flat One (currently producing £350 pcm) comprising:
13ft 5 x 8ft 9
Having electric heater, upvc double glazed window to front aspect.
9ft 8 x 5ft
With one wall mounted unit, range of base units, single drainer sink unit with tiled splashback areas, obscure glazed window.
Having shower cubicle with shower unit and attachment, low flush wc, wall mounted wash hand basin.
Flat Two (currently producing £375 pcm) comprising:
Lounge/Kitchen 12ft 4 x 11ft 6
With range of base units, twin wall mounted unit, electric radiator, single drainer sink unit, four ring electric hob, electric oven, upvc double glazed window to front aspect.
Having low flush wc, shower cubicle with shower unit and attachment. Wall mounted wash hand basin.
Staircase to second floor leading to:
14ft 3 x 13ft 8
Having radiator, upvc double glazed window to rear aspect.
By arrangement with the auctioneer 0115 958 8702 or can be booked online at www.sdlgrahampenny.co.uk
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 the auction day. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
*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. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary.
Energy Performance Certificates
EPCs can be viewed in full on our website www.sdlgrahampenny.co.uk on the sales details page or in the legal pack.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Graham Penny, Nottingham on 01159 588702.
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