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Terraced house for sale
20 King Edward Street, Shirebrook, Mansfield, Nottinghamshire NG20 8AU
£38,000
20 King Edward Street, Shirebrook, Mansfield, Nottinghamshire NG20 8AU
£38,000
Our Summary
- For sale on 24 April 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- Planning permission has also been granted for conversion from retail to residential and to form a one bedroom house
- An excellent investment opportunity offering strong potential for return on investment or a development opportunity, with planning permission granted to convert into a one-bedroom dwelling house
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- 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
- 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)
- Auction: 24
- Investment Opportunity
- Planning Permission for Conversion to House
Description
This mid-terraced commercial property in the town center is an excellent investment opportunity, with planning permission granted to convert the retail unit into a one-bedroom house. The property currently comprises a ground floor retail unit with upper floor storage space, and has an estimated rental value of £6,000 per annum. With its prime location close to the train station and motorway network, the property offers strong potential for return on investment or a development opportunity. The sale will be conducted through an online auction, with bids accepted by proxy, online, or by phone. The property is being sold on an unconditional sale basis, with a 5% deposit and a buyers' fee of 4.8% of the purchase price.