• Council Tax Band 201A & 201B: A +

• FOR SALE VIA BAGSHAWS RESIDENTIAL AUCTIONS +

• GUIDE PRICE £290,000 +

• Mixed-use, consisting of 3 properties: 2x 2 bed flats and a shop +

• Scope to convert the shop into residential accommodation, subject to planning permission +

• Easy access into Nottingham city centre +

SUMMARY
*TRADITIONAL AUCTION*A mixed-use property consisting of 2x 2 bed flats (201a & 201b) and a shop, located conveniently for easy access into Nottingham city centre.

DESCRIPTION
FOR SALE VIA BAGSHAWS RESIDENTIAL AUCTIONS IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS on TUESDAY 17TH DECEMBER 2024.

*GUIDE PRICE £290,000*

BIDDER REGISTRATION: Please ensure you are registered to bid on the Barnard Marcus Auctions website by 2pm on Monday 16th December 2024.

DOWNLOAD LEGAL DOCUMENTS FROM BARNARD MARCUS AUCTIONS WEBSITE.

A mixed-use property consisting of 2x 2 bed flats (201a & 201b) and a shop, located conveniently for easy access into Nottingham city centre. This is a very good investment opportunity with scope to operate the properties as a mixed-use (residential/commercial) investment whilst also having potential to convert the shop into residential use, subject to necessary planning permissions and consents. The flats are a good size, with the upstairs flat having the benefit of a terrace providing usable outside space. The terrace area could present an opportunity to create additional living space for the existing flat or creating a separate studio flat, subject to planning permission and building regulations. There are bus and tram stops close by, providing easy access into Nottingham city centre. Please note: At the time of the marketing being released the property is offered for sale with 'part vacant possession'. Currently the first floor flat and shop are vacant. The sellers have informed us that the ground floor flat will also have vacant possession upon completion.

Tenure: Freehold

Accommodation 
Shop: the shop area consists of three rooms and a doorway leading into a 'kitchen' area. A door leading out onto a rear courtyard where this is a WC.

Ground floor flat (201b): open plan living/kitchen, two bedrooms and a shower room.

First floor flat (201a): accessed via an external staircase. Hallway, kitchen, lounge, two bedrooms and a shower room.

There is also the use of a terrace area.

Ground Floor Flat 

Kitchen/Living  17' 7" MAX x 14' 5" MAX ( 5.36m MAX x 4.39m MAX )

Bedroom One 11' 11" MAX x 8' 9" MAX ( 3.63m MAX x 2.67m MAX )

Bedroom Two 14' 8" MAX x 8' MAX ( 4.47m MAX x 2.44m MAX )

Wet Room 
Three piece suite with sink, toilet and shower.

Shop 

Shop Space 44' 2" MAX x 17' 3" MAX ( 13.46m MAX x 5.26m MAX )

Shop Room 8' 8" MAX x 7' 7" MAX ( 2.64m MAX x 2.31m MAX )

First Floor Flat 

Living Room 13' 9" MAX x 10' 11" MAX ( 4.19m MAX x 3.33m MAX )

Kitchen 11' 4" MAX x 6' 11" MAX ( 3.45m MAX x 2.11m MAX )

Bedroom One 11' MAX x 8' 10" MAX ( 3.35m MAX x 2.69m MAX )

Bedroom Two 10' 10" MAX x 7' 4" MAX ( 3.30m MAX x 2.24m MAX )

Bathroom 
Three piece suite with sink, toilet and bath.

Agents Note 
Please note: At the time of the marketing being released the property is offered for sale with 'part vacant possession'. Currently the first floor flat and shop are vacant. The sellers have informed us that the ground floor flat will also have vacant possession upon completion. Contact agent for further details.

Agents Note E P C 
Please note that each flat and the shop has their own EPC rating. Please see below.

Flat A - Current 65 (D) & Potential 72 (C)
Flat B - Current 58 (D) & Potential 58 (D)
Shop - Current 62 (C)

EPC Ratings
Flat A -
Flat B -
Shop -

Conditions Of Sale 
The Conditions of Sale will be deposited at the offices of the auctioneers and vendor's solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of the same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Health & Safety Advice  
Whilst the auctioneers make every effort to ensure the safety and security of viewers at lots, we have not carried out a detailed Health & Safety inspection of the lots in our auction and cannot therefore guarantee the safety and security of viewers. All persons attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers' risk.

Guide And Reserve Prices 
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Note 
The auctioneers offer four ways to bid including internet, telephone, proxy, and live room bidding. Prospective purchasers will need to register to bid and pay a holding deposit before the sale commences by registering at Barnard Marcus Auctions website. We do not take credit card or cash deposits. The sale of each lot is subject to a documentation charge of £1,500 (including vat) payable on the fall of the hammer.

Guidance notes are set out in the catalogue in relation to auction lots, particularly from a purchasing perspective.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.