Post office for sale

Fantastic Mixed Use Commercial/Residential Investment Opportunity

Guide Price: £220,000+

For sale by online auction on 08/05/2023 12:00, ending on 08/05/2023 17:20.

UK Property Auctions are pleased to bring to the auction this Mixed Use Residential/ Commercial Property .

Property Particulars

This 3 storey converted property presents as a ground floor commercial space, currently trading as a post office. The First and second floor is the residential 3 bed extended flat.

GROUND FLOOR -COMMERCIAL BUILDING

The ground floor of the property is currently a commercial unit trading as a post office / Shop. The interior of the shop is in a good condition throughout
The ground floor also provides a porch with a separate entrance to the residential accommodation above.

FIRST & SECOND FLOOR - RESIDENTIAL BUILDING

Entrance Hall - Spacious entrance hall with stairs to the Second floor. Hallway leads through to a Kitchen, Reception Room, Bedroom one and a family bathroom

Reception Room 1 - Well presented room with feature fireplace, newly decorated throughout, With two UPVC windows overlooking the front of the building.

Kitchen - Kitchen benefits from a range of wooden base and wall units. Large gas stove with oven and extractor hood. Stainless steel sink with mixer tap and UPVC window looking out over the rear of the property.

Bathroom - A good Sized family bathroom newly renovated (Awaiting Pictures)

Bedroom One - A Good Sized newly decorated good sized bedroom with UPVC Window looking out to the front of the property

Second Floor

First floor landing leads off to two further bedrooms

Bedroom Two - The biggest of the bedrooms, very deceptive in size as the room is currently housing three double beds and A built in storage space/ wardrobe.

Bedroom Three - A good sized bedroom currently housing 3 single beds and wardrobes.

Exterior Rear of Property
The rear of the property benefits from a low Maintenance yard laid mainly to grass with a concrete pathway leading to a Brick Built Garage / additional storage. There is also parking to the rear of the property

Tenure
The current vendors have now acquired the full freehold to the entire property.

Income
The Commercial Space is Currently leased achieving £750PCM (this is strongly in need of a rent review) The post office/shop is currently achieving in excess of £4000 per week. This is the only post office in the area so has the potential to earn well in excess of this figure.

The Residential Space has the potential to achieve in excess of £850PCM

The property makes an excellent investment property. With the ability to maximise profits making this the perfect addition to an investment portfolio or a self run business

Location
Property is located in a popular residential area in Nottingham, Close to all local amenities including schools, nursery's and leisure activities. The Location benefits from excellent transport links to the A17 and all major ring roads in the area.

Terms of Sale
Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers
Some vendors will accept offers prior to auction, however these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions.

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 Uk Property and we will be pleased to check the position for you.
The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.

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.

Anti-Money Laundering Regulations:
In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property.

Particulars
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. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.