3 bedroom Mixed Use in Retford

4 and 4A Bridgegate, Retford, Nottinghamshire DN22 6AA
  • Lot No: 14
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £140,000+ plus fees

Result Sold Prior to Auction

Property Description

DRAFT DETAILS A mixed use investment opportunity comprising hair salon and residential accommodation. Current gross income £18,980 per annum. The property comprises a ground floor commercial unit trading as a hair salon along with a three bedroomed flat above with potential for conversion of upper floor into further accommodation subject to the necessary planning consents. The property is located close to the corner of Bridgegate and Market Place within Retford Town Centre within an area of both national and local retailers. The auctioneers have not inspected the property but believe it to comprise:

Ground Floor

Salon, rear treatment room, kitchenette, stores and WC.


First Floor

Entrance hallway, landing, lounge, kitchen, bathroom and three separate letting rooms.


Second Floor

We have been informed by the sellers that there is potential for conversion subject to planning consents.


NOTE

The Salon has been in occupation for over 30 years.


Tenancy Details:

The property is sold with the following tenancies and we recommend interested parties inspect the legal pack for more information.<br><br>Ground Floor Salon let for a term of 9 years from the 8th February 2020 at £8,580 per annum.<br><br>First Floor (Room 1) Let on an AST for a term of 12 months from 01.10.2016 (Holding Over) £3,900 per annum.<br><br>First Floor (Room 2) Let on an AST for a term of 6 months from 23.09.2021 £3,380.00 per annum.<br><br>First Floor (Room 3) Let on an AST for a term of 6 months from 25.10.2021 £3,120 per annum.<br><br>Current Total Rental Income: £18,980.00 per annum


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. 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 auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s 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 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.

Auction Details

Date 31st March 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

4 and 4A Bridgegate, Retford, Nottinghamshire DN22 6AA