Auction House London

Lot 59

Mixed Use - Commercial Property 

34 Beech Avenue

New Basford, Nottingham, Nottinghamshire, NG7 7LL

Sold for £148,000

A Commercial and Residential Investment Producing £25,392 per annum

Description

The property comprises a mid terrace building arranged as a ground floor shop with a four bedroom maisonette above that is let on a room by room basis.

Tenure

Freehold

Location

The property is situated on a predominantly residential road among the shops and amenities of Beech Avenue. The open spaces Hedley Villas Park are also within close proximity. Transport links are provided by Nottingham rail station.

Accommodation & Tenancy Schedule

Floor Accommodation Tenancy Current
Annual Rent
Basement
Ground
Office Area, Storage
Shop Area, Kitchen, WC
Let on a 5 year commercial lease agreement commencing 28 Dec 2018. £12,000
First Front Room AST at £260 pcm £3,120
First Communal Kitchen & Shower Room with WC and wash basin
First Rear Room AST at £300 pcm £3,600
Second Front Room AST at £276 pcm £3,312
Second Rear Room AST at £280 pcm £3,360

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Open House Viewings:
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 34 Beech Avenue, New Basford, Nottingham, Nottinghamshire, NG7 7LL

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