Retail Property (High Street) in Sutton in Ashfield

132 Outram Street, Sutton in Ashfield, Nottinghamshire NG17 4FT
  • Lot No: 111
  • Property Type: Retail Property (High Street)
  • Contract Type: Unconditional with Variable Fee

Guide Price* £75,000+ plus fees

Result Sold Prior to Auction

Property Description

A freehold commercial unit finished to a high standard internally and benefiting from a prime position along Outram Street, Sutton in Ashfield. The property comprises a mid terraced three storey commercial building located along Outram Street. The property was previously occupied by a hair salon and is finished internally to a very high standard. We are advised that it has been previously let to two separate tenants at once giving a potential high yield. There is also scope to convert into a mixed use or full residential layout, subject to appropriate planning consent and by utilising the separate rear access. 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. The current configuration consists a self contained ground floor shop unit with an open plan trading area benefiting from fitted flooring throughout, wash room, W.C. and office space along with rear access. The first and second floors comprise a kitchen, a bathroom along with self contained therapy rooms. Outram Street offers easy access to many major road links including the A38 and is among many local and National retailers.

Ground Floor:

Comprising -


Main Retail Area

7.98 x 3.69m (26ft 2 x 12ft 1)


Wash Room

1.31 x 1.03m (4ft 3 x 3ft 4)


WC

1.30 x 1.22m (4ft 3 x 4ft 0)


Passage Way

0.93 x 1.04m (3ft x 3ft 4)


Office

2.84 x 2.31m (9ft 3 x 7ft 6)


Rear Entrance

0.89 x 1.26m (2ft 11 x 4ft 1)


First Floor and Second Floor:

Comprising -


First Floor Landing:

2.89 x 1.83m (9ft 5 x 6ft)


Kitchen:

3.74 x 3.45m (12ft 3 x 11ft 3)


Bathroom:

2.15 x 1.75m (7ft x 5ft 8)


Therapy Room One

5.67 x 3.90m (18ft 7 x 12ft 9)


Therapy Room Two

3.75 x 5.71m (12ft 3 x 18ft 8)


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 Variable Fee (England and Wales). 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 fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 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.