Station Road, Sandiacre, Nottingham, NG10

TO BE SOLD BY PUBLIC AUCTION* ON 25TH JULY 2024
A substantial three storey terraced building, mixed use, commercial/residential investment. FREEHOLD WITH VACANT POSSESSION. Three/four bedroom self contained residential accommodation offers future potential.

TO BE SOLD BY PUBLIC AUCTION* ON 25TH JULY 2024An opportunity has arisen to purchase this substantial three store mixed use residential/commercial building being sold with vacant possession. The building offers fantastic future growth potential to adapt and develop the residential element possibly into an HMO (subject to the necessary permissions and conditions, etc). The accommodation is arranged over three floors with a self contained ground floor commercial unit, currently used as a restaurant and take away business, offering approximately 84sqm (904sqft) internal space. Restaurant and counter to the front, large commercial kitchen with storage room and WC. There is an internal staircase allowing access to the first floor accommodation which can also be reached via an external staircase to the rear. The residential accommodation is arranged over the first and second floors with up to three bedrooms on the first floor, as well as a living room, kitchen and bathroom, with a double bedroom located on the second floor. Situated on a busy thoroughfare in the small town of Sandiacre, adjacent to the larger towns of Stapleford and Long Eaton. The building is on a bus route linking Nottingham and Derby. There are the usual range of shops and facilities within the area, including a Lidl. The A52 and Junction 25 of the M1 motorway is approximately half a mile away.

GROUND FLOOR COMMERCIAL SPACE

There is a small cellar under part of the ground floor.

RESTAURANT

Full width shop frontage.

COMMERCIAL KITCHEN

Door to staircase to first floor accommodation and door to rear storage.

REAR STORAGE

Door to rear lobby.

REAR LOBBY

Door to rear yard and door to cloaks/WC.

CLOAKS/WC

Housing a two piece suite comprising wash hand basin and low flush WC.

RESIDENTIAL ACCOMMODATION

RECEPTION ROOM

Two skylights and door leading to external staircase descending to rear yard. Door to landing. Stairs leading to the second floor.

BATHROOM

Three piece suite comprising wash hand basin, low flush WC, bath with electric shower over.

KITCHEN

Range of wall and base units with work surfacing, stainless steel sink unit, gas cooker point, double glazed window.

BEDROOM

Radiator, double glazed window.

BEDROOM

Radiator, internal window.

BEDROOM

Radiator, double glazed window to the front.

SECOND FLOOR BEDROOM

Radiator, double glazed dormer windows to the front and rear.

OUTSIDE

The property fronts the pavement. Access to the rear, shared rear service yard from Rutland Grove.

Auction*

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 auctioneers fees apply: 5% deposit (subject to a minimum of ?5,000) Buyers 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 Buyers 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.