Retail Property (High Street) in Nottingham

50 Nottingham Road, Eastwood, Nottingham NG16 3NQ
  • Lot No: 55
  • Property Type: Retail Property (High Street)
  • Contract Type: Unconditional with Variable Fee

Guide Price* £150,000+ plus fees

Result Sold at Auction £175,000

Property Description

A freehold commercial unit located along Nottingham Road Eastwood benefiting from substantial ground floor accommodation, substantial rear parking and separate outbuilding offered with vacant possession upon completion. The premises were occupied for some time by Reeds Rains estate agents and extends some 372 sq.m (4,010 sq. ft) The ground floor accommodation comprises: Sales area 984sq.ft Office 162 sq. Ft Second office / conference room 672 sqft First Floor: Office 675 sq.ft Ancillary 140 sq.ft Second Floor: Ancillary 808 sq.ft Basement 275 sq.ft Eastwood is a market town situated approximately 8 miles north-east of Derby and 18 miles south-west of Mansfield. The property occupies a central position on the busy Nottingham Road. There are several National and local retailers within the vicinity.

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 28th September 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

50 Nottingham Road, Eastwood, Nottingham NG16 3NQ