Property photos
Just added
Auction
Freehold
Guide price
£225,000
Retail premises for sale
497 Mansfield Road, Sherwood, Nottingham NG5Local area information
Property location
Nearby amenities
- Haydn Primary School 0.1 miles
- Seely Primary School 0.3 miles
- Nottingham 2.3 miles
- Bulwell 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Freehold Subject to the following tenancies.
For Sale By Public Auction on 10 July starting at 08:30 am - A freehold mixed use investment property comprising a retail unit and student accommodation close to Nottingham Trent University, and within a busy local shopping district
Current gross income £31,800 pa
The property comprises a three storey mid terrace which is configured to provide on the ground floor a hairdressing salon having the main retail area with ancillary staff room and WC. Having a separate front door entrance is the student accommodation over the first and second floors and comprising three letting rooms with communal bathroom, kitchen and lounge. Outside there is forecourt parking for two cars.
Location
The property occupies a prominent position fronting the A60 Mansfield Road near it's junction with Haydn Road, within a busy local shopping district including a Sainsburys Local opposite, within the popular suburb of Sherwood.
The property is conveniently located for both Nottingham Trent University and Nottingham City Hospital.
The property lies approximately 2 miles north of all the main shopping and amenities of Nottingham City Centre.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the following tenancies.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Auctioneer's Note
The Auctioneers have not had sight of the tenancy agreement at the time of going to print and the tenancy details should not be relied upon.
Viewing Times
External viewings only.
Tenancy Details
The shop is let on a commercial lease agreement at a rental of £1,050 per calendar month - £12,600 per annum and the flat is let on an Assured Shorthold Tenancy agreement at a rental of £1,600 per calendar month - £19,200 per annum.
Current gross income £31,800 pa
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
Current gross income £31,800 pa
The property comprises a three storey mid terrace which is configured to provide on the ground floor a hairdressing salon having the main retail area with ancillary staff room and WC. Having a separate front door entrance is the student accommodation over the first and second floors and comprising three letting rooms with communal bathroom, kitchen and lounge. Outside there is forecourt parking for two cars.
Location
The property occupies a prominent position fronting the A60 Mansfield Road near it's junction with Haydn Road, within a busy local shopping district including a Sainsburys Local opposite, within the popular suburb of Sherwood.
The property is conveniently located for both Nottingham Trent University and Nottingham City Hospital.
The property lies approximately 2 miles north of all the main shopping and amenities of Nottingham City Centre.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the following tenancies.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Auctioneer's Note
The Auctioneers have not had sight of the tenancy agreement at the time of going to print and the tenancy details should not be relied upon.
Viewing Times
External viewings only.
Tenancy Details
The shop is let on a commercial lease agreement at a rental of £1,050 per calendar month - £12,600 per annum and the flat is let on an Assured Shorthold Tenancy agreement at a rental of £1,600 per calendar month - £19,200 per annum.
Current gross income £31,800 pa
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
More information
Listed by
Bond Wolfe Auctions
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Property descriptions and related information displayed on this page are marketing materials provided by - Bond Wolfe Auctions. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bond Wolfe Auctions for full details and further information.