Chester House, 2-6 Mansfield Road, Eastwood, Nottingham NG16 3AQ

This property has been postponed from the auction, but remains available. We expect the property to be re-entered into a future auction soon. Please contact the team for further information.

A three storey commercial premises in prominent location.

Situated on Mansfield Road close to the junction with Nottingham Road and surrounded by other local business premises.

Arranged as commercial space to the ground floor with serviced office above.

Ground floor commercial space and four serviced offices above along with two shared kitchens and three shared WCs.

The ground floor is let at £550 per calendar month/£6,600 per annum on a seven year lease.

One upper floor office is currently let at £370 per calendar month. The rest of the offices are vacant.

The two upper floors are currently vacant. Estimated rental value of each office is £85 per week/£4,420 per annum.

Current/part let income of £11,040 per annum.

Total estimated rental income once fully let circa £24,280 per annum, based on comparable evidence.

Possible scope to convert upper floors to residential accommodation, subject to permissions. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

A great investment in popular and convenient location.

Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: D

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.