Graham Penny Auctions - 75-83 Ratcliffe Gate, Mansfield, Nottingham. NG18 2JB

Property Listing

Main > 16th October 2008 > 75-83 Ratcliffe Gate, Mansfield, Nottingham. NG18 2JB

*** Sold at auction: £267,000 ***

Lot 36: 75-83 Ratcliffe Gate, Mansfield, Nottingham. NG18 2JB

High yield commercial and residential investment opportunity

Guide Price: £225,000 +

Auction date - 16th October 2008, Pride Park, Derby.

HIGH YIELD MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY - Retail sales shop and seven one bedroomed flats. UPVC double glazed and electric heating.

ACCOMMODATION :
Ground Floor :	Retail sales shop; two recently converted one bedroomed flats with electric heating and laminate floors.
Upper Floor :	Five one bedroomed flats with rear access, each flat having kitchen and lounge to first floor, bathroom and bedroom to second floor.
TENANCY DETAILS :	The shop is let on a five year lease from 1^st May 2005 at a rental of £1,820 per annum. Six of the seven flats are currently let on assured shorthold agreements at a combined rent of £1,963 pcm (£23,556 p.a.) with one flat vacant on a potential income of £3,900 p.a. Current reserved rent £25,376 (potential £29,276) p.a.


TENURE :	Freehold
SUBJECT TO TENANCIES; ONE FLAT VACANT
VIEWING ARRANGEMENTS	By arrangement with the Auctioneers - 01332-242880
GUIDE PRICE	£225,000

For Sale by Auction: Thursday 16^th October 2008

At Pride Park Stadium, Derby

Commencing at 11.30 am

www.grahampenny.com

PLEASE NOTE
These particulars, whilst believed to be accurate are not set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of presentation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by this company has tested any included equipment and can give no authority to make any representation or warranty in respect of the property.

Send enquiry / Make an appointment