Sponsored Find a Solicitor — free quotes via ReallyMoving
Flat
Next Steps
Sponsored — free quotes via ReallyMoving
Find a Solicitor
Fast conveyancing is critical at auction — compare fees
Our Summary
- ***HIGH YIELDING INVESTMENT OPPORTUNITY*** A spacious, three storey, end of terraced mixed use investment property producing a combined income of £9,980 per annum, located on a prominent corner plot position in the heart of South Normanton, conveniently positioned for the A38 and M1 Motorway
- 7% return based on guide price with scope for rental increase
- Auction Details: The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type
- All sales are subject to our Common Auction Conditions and Bidder Terms
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyer’s Fee of 4
Get alerted when similar properties are listed — Subscribe
Description
The property is a three-storey, end-of-terrace mixed-use investment property with a total groun floor area of 7,111 square feet. It is located on a prominent corner plot position in South Normanton, with a prominent corner plot position in the heart of the town, conveniently positioned for the A38 and M1 Motorway. The property has a combined income of £9,980 per annum, with a sales shop on the ground floor producing £3,380 per annum and a first-floor flat producing £6,600 per annum.
The sales shop has a lock-up shop, two storage rooms, and a rear office with cellar, while the first-floor flat has an entrance hallway, lounge, dining room, utility room, and two double bedrooms and a spacious bathroom. Externally, the property has a rear yard with an outside WC and two storerooms. The first-floor flat also has an external timber staircase and upvc double-glazed windows.