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2 bedroom mixed use for sale

Sutton Spice, Sutton in Ashfield, NG17

Guide Price* £60,000

Property Description

Key features

  • Commercial/Residential Investment

Full description

FOR SALE BY AUCTION - 14.12.2016 Ground floor takeaway shop with first floor living accommodation.

A two storey mid terraced property which is laid out as a ground floor takeaway with flat above.


PLEASE NOTE THAT THE PROPERTY HAS NOT BEEN INSPECTED INTERNALLY BY OURSELVES. It is assumed that the property comprises ground floor lock up sales shop currently let to Sutton Spice (although no tenancy agreement is in place) together with first floor accommodation assumed to be a two bedroomed flat/apartment.


The property is thus therefore assumed to be laid out as follows. A two storey mid terraced property which is laid out as a ground floor takeaway with flat above. It appears as if the flat can be accessed from the rear and we have therefore assumed that it is self contained. We have looked at the valuation office records which show the floor area of the takeaway element to be 55sqm or thereabouts with regards to the size of the property we would expect the flat above to have two bedrooms. There is a small yard to rear. We understand that the property is currently tenanted and would expect the takeaway to let in the region of £5,000pa on a 3/5 year lease to a local tenant. We would also expect the two bedroomed flat to let for £350-£400pcm. We would therefore expect the total rental for the property to be in the region of £9,000-£10,000pa.


Enter Sutton in Ashfield from Mansfield joining onto the B6023. At the junction with Dalestorth Street the property is situated on the left hand side and clearly identified by a for sale sign board.

Special Conditions of Sale

The purchaser in addition to the fall of the hammer price will be responsible for £750 plus vat auction costs payable at the fall of the hammer.

Map & Street View

Disclaimer - Property reference ah_copelands_1444906_19494. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Copelands, Auctions House. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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 Copelands, Auctions House on 01246 232 698.

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