Mixed Use in Nottingham

4, 6 and 8 Nottingham Road, and 1 Church Street, Eastwood, Nottingham NG16 3NQ
  • Lot No: 51
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Variable Fee

Guide Price* £185,000+ plus fees

Result Sold After Auction

Property Description

A three storey mixed use investment property comprising of three lock-up retail units and one residential dwelling with the potential to add additional living accommodation, subject to planning. Number 4 Nottingham Road is a lock up shop currently vacant. The accommodation briefly comprises two retail units with kitchen and wc facilities to the rear. Number 6 Nottingham Road is tenanted trading as Pizza Paz. We have not had any information as to rental income and advise interested parties to inspect the legal pack for more information. The accommodation comprises of a large retail area with storeroom, kitchen preparation area and wc facilities to the rear. Number 8 Nottingham Road is vacant. The accommodation comprises a retail area with preparation, storage and wc facilities to the rear. The upper floors (residential) above the property are accessed via 1a, Church Street with the space spread over and above the three commercial units. There is scope to separate the uppers back to individual units allowing for a potential mixed-use scheme with individual access from the commercial units below. (Subject to planning) We have not inspected the upper floors but have been advised that the first floor contains 9/10 rooms(one formally a kitchen, a bathroom, a small store/possible toilet, a Toilet, a possible shower cubicle area, leaving five rooms approximately 10ft x 10ft. The second floor comprises 5/6 rooms. The properties can be found at the end of Nottingham Road within the centre of Eastwood Town Centre, on the junction with Church Street.

Potential

May be suitable for alternative uses, subject to obtaining the necessary consents. 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.


Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Draft Sales Details

These sales details are awaiting vendor approval.


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.

Auction Details

Date 29th June 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

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

Map

4, 6 and 8 Nottingham Road, and 1 Church Street, Eastwood, Nottingham NG16 3NQ