FOR SALE BY ON-LINE AUCTION* **GUIDE PRICE ?240,000** *PRE-AUCTION OFFERS CONSIDERED * AUCTION PACK AVAILABLE ON REGISTRATION* AUCTION DATE Wednesday 22nd May 2024 ** Based on similar properties in the area a 10% rental yield is achievable!!! An opportunity to buy this prominent high street premises in the heart of Mapperley. The accommodation is over three floors with a total floor area of 171m2/1840 ft2 and consists of a large main shop floor with a dressing room, further rear shop area with double doors leading out to a large lawned rear garden, and an adjoining store room with two separate cloakrooms and toilets. On the first floor are several store rooms, further toilet and kitchen/staff room, plus an additional store room on the top floor. The building also has gas central heating throughout and air conditioning on the ground floor.

Main Shop Floor

With wood-style flooring, panelled ceiling lights, air conditioning unit, changing room and a counter. A further rear part of the shop has rear locking heavy-duty fire/security doors leading out to the steps and rear garden. From here a door leads into a store room.

Store Room

With LED strip lighting, two separate cloakroom/WC's with washbasins separate toilets with radiators.

First Floor

A split-level landing with a radiator and stairs leading to the second-floor room.

Store Room 1

With LED strip lighting, window to the front, window and door leading to store room 2.

Store Room 2

With radiator, strip lighting and front window.

Cloakroom/WC

With washbasin, toilet, radiator and extractor fan.

Large store room

Split into two areas with UPVC double-glazed rear windows, side window, three separate radiators and multiple ceiling strip lights. Fire door leads out to the rear fire exit.

Kitchen/Staff Room

Several wall and base units with worktops, stainless steel sink unit and a drainer. LED strip lighting, wall-mounted Ideal Logic combination gas boiler, side window and doorway to further store room.

Second Floor Store Room

With wash basin, radiator, side window and storage cupboard.

Outside

The premises lead straight out onto Woodborough Road and at the rear there is a large enclosed lawned rear garden with side gated fire escape access across adjoining premises.

Material Information

TENURE: Freehold COUNCIL TAX: PROPERTY CONSTRUCTION: ANY RIGHTS OF WAY AFFECTING PROPERTY: CURRENT PLANNING PERMISSIONS/DEVELOPMENT PROPOSALS: FLOOD RISK: ASBESTOS PRESENT: ANY KNOWN EXTERNAL FACTORS: LOCATION OF BOILER: UTILITIES - mains gas, electric, water and sewerage.MAINS GAS PROVIDER: MAINS ELECTRICITY PROVIDER: MAINS WATER PROVIDER: Severn TrentMAINS SEWERAGE PROVIDER: Severn TrentWATER METER: BROADBAND AVAILABILITY: Please visit Ofcom - Broadband and Mobile coverage checker. MOBILE SIGNAL/COVERAGE: Please visit Ofcom - Broadband and Mobile coverage checker.ELECTRIC CAR CHARGING POINT: not available.ACCESS AND SAFETY INFORMATION: Ramp or stepped access to the front. Stepped access at the rear.

Auction Information

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of ?5,940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the legal pack , if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances, the reserve price should be no more than 10% above the guide price