Mixed Use in Mansfield

36A Bancroft Lane, Mansfield NG18 5LQ
  • Lot No: 114
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £120,000+ plus fees

Result Sold at Auction £130,000

Property Description

DRAFT DETAILS The property comprises a detached building comprising ground floor lock up unit extending 513 square feet with a partitioned office area to the rear and roller shutter to the front. Above the unit is a self contained one bedroom apartment comprising a bedroom, bathroom, kitchen and sizeable living room. There is also a separate unit adjacent to the main building which has a corrugated roof and is of brick construction extending 727 square feet. Between the two units is a yard area. The commercial aspect is let to one tenant with a current rent passing of £850 per calendar month who is in the motor trade with car sales and minor repairs taking place.The apartment is held on a rolling basis at £550 per calendar month. Total income of £16,800 per annum. Please note we have not been provided with a copy of the Tenancy Agreement for the Commercial part of the property and cannot therefore confirm the rental figure given in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Please note: the address on the land registry is Land And Buildings On The North Side Of Bancroft Lane, Mansfield, NG18 5LQ.

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 26th May 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

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Map

36A Bancroft Lane, Mansfield NG18 5LQ