The Old Bakery, King Street, Nottingham, Eastwood, NG16 3DA

Key Features

Summary

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £80,000. An opportunity has arisen to purchaser this commercial unit located in Eastwood town centre ideal for a conversion to flats, house of multiple occupancy or continue the use as a commercial unit. The property has double glazed windows with security bars, gas central heating and an alarm system. The unit comprises of an entrance, three large work space rooms, kitchen rear entrance with fire escape and two wc's to the ground floor. Integral access to the garage is via room two. Three large office/work rooms a located on the first floor. Outside there is a path from the fire exit and access to the garage is via King street. Viewing is strongly recommended to see the potential this investment purchase has to offer.

Full Description

Entrance
upvc door access top the first room.

Room One 5.61m (18'5") x 47.85m (157'0")
Having double glazed window with security bars, lighhting, central heating radiator.

Room Two 4.57m (15'0") x 3.05m (10'0")
Lighting, central heating radiator, open plan to room three.

Room Three 7.32m (24'0") x 3.81m (12'6")
Skylight windows, access to the garage and access to the rear hall.

Rear Hall
Access to the fire escape and two cloak/wc rooms.

Cloaks One
Low flush wc and wash hand basin.

Cloaks Two
Low flush wc.

Kitchen 4.60m (15'1") x 3.86m (12'8")
Double glazed window with security bars, central heating radiator, wall mounted boiler, sink unit with side drainer inset into work surfaces, a range of base units. Staircase to the first floor.

Room Four 4.65m (15'3") x 3.76m (12'4")
Double glazed window with security bars, central heating radiator. Access to room five.

Room Five 4.78m (15'8") x 3.73m (12'3")
Double glazed window with security bars, central heating radiator. Access to room six.

Room Six 4.78m (15'8") x 5.03m (16'6")
Double glazed window with security bars, central heating radiator.

Garage 5.61m (18'5") x 3.05m (10'0")
Access from king street with roller garage door, power and lighting. Courtesy door leads to the property.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.



An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

Auctioneers Additional Comments
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.