Get brand editions for SDL Auctions Graham Penny, Nottingham

2 bedroom mixed use for sale

265 Main Street, Bulwell, Nottingham, NG6 8EZ

Guide Price* £180,000

Property Description

Key features

  • Mixed use investment property comprising a retail shop with two refurbished flats above
  • Currently let producing a combined income of 18,200 per annum
  • Conveniently situated close to Bulwell town centre and easy access to major road networks
  • Excellent investment opportunity
  • EPC Rating: D, D & D

Full description

For sale by auction on Friday 9th August 2019
At Nottingham Auction, Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11:30 am

Mixed use investment property currently let at £18,200 per annum situated close to Bulwell market place

DRAFT DETAILS
A mixed use investment property believed to be currently let at £18,200 per annum, producing a net yield of 7.89%, conveniently situated within close proximity to Bulwell market place. We believe the ground floor shop is let to a charitable trust at a rent of £8,000 p.a. and the flats are let at a combined rental income of £10,200 per annum.

The property comprises of a ground floor retail unit which has a prominent frontage onto Main Street with main retail sales space, storage to rear and staff kitchen and wc facilities. The two one-bedroomed flats above benefit from separate access via a doorway adjacent to the retail premises and are located on the first and second floors. Both have been decorated to a high standard with double glazed windows, open plan kitchen/living area, double bedroom and fully tiled en-suites. There is also a rear yard with two parking spaces for the flats and access to the retail unit.

Bulwell is a well established location approximately 5 miles north of Nottingham city centre and is situated close junction 26 of the M1 and the A610 road networks.


The accommodation briefly comprises:


Ground Floor:


Retail Unit

59 sq m (641 sq ft)
with storage to rear, staff kitchen and wc facilities.


First Floor


Flat One (not inspected)

38.7 sq m (417 sq ft)
Decorated to a high standard with double glazed windows, open plan kitchen/living area, double bedroom and fully tiled en-suite.


Second Floor


Flat Two

33.9 sq m (365 sq ft)
Decorated to a high standard with double glazed windows, open plan kitchen/living area, double bedroom and fully tiled en-suite.


Outside

Rear yard with two parking spaces for the flats and access to the retail unit.


Tenure
Freehold

Viewing Details

Viewings can be booked online at www.sdlauctions.co.uk or by contacting the auctioneers on 0115 958 8702.


Conditions of Sale

The Conditions of Sale (also known as the legal pack) will be deposited at the offices of the auctioneers and sellers’ solicitors/licensed conveyancers prior to the auction and the buyer shall be deemed to have knowledge of same whether inspected or not. They will also be available to download from our website www.sdlauctions.co.uk (under the Lot Information section). Any questions relating to them must be raised prior to the auction. Prospective buyers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The buyer will also be deemed to have read and understood the Buyers Terms printed within the sale catalogue and available under the Lot Information section of our website.


*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, will 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. A full definition of the Guide Price and the Reserve Price can be found in the Buyers Terms.


Energy Performance Certificates

EPCs can be viewed in full in the legal pack or from the lot information section of our website.


Auction Type: Unconditional with Fixed Fee

Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.

Prospective buyers 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 or cheque deposits. Remote bidding facilities are also available.


Auction Fees

The sale of this lot is subject to a buyer’s administation fee of £1074 including VAT (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section, or to find out more about any additional fees associated with this property please contact the auction office.



Nearest stations

  • Bulwell (0.2 mi)
  • Bulwell Forest (0.4 mi)
  • Highbury Vale (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Auctions Graham Penny, Nottingham

9 Regan Way, Chetwynd Business Park, Chilwell, Nottingham, NG9 6RZ

0115 958 8702 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bulwell (0.2 mi)
  • Bulwell Forest (0.4 mi)
  • Highbury Vale (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Auctions Graham Penny, Nottingham

9 Regan Way, Chetwynd Business Park, Chilwell, Nottingham, NG9 6RZ

0115 958 8702 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference gp_nottingham_1440700_13670. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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 SDL Auctions Graham Penny, Nottingham. 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.

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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 0115 958 8702.


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