House for sale

22, 22a, 22b, Elmton Road, Creswell, Worksop, Nottinghamshire, S80 4ES

  • SOLD BY CONNECT UK AUCTIONS
  • Freehold.
  • Immediate income £14,400 per annum.
  • Full Auction legal Pack Available on Request.
  • 10% gross yield.
  • Rented on a commercial lease.
  • Established take away business.

DESCRIPTION:

Mixed use freehold terraced property. Currently rented on a commercial lease, generating £14,400 per annum. Super investment opportunity with immediate secure income.

ACCOMMODATION:

Ground floor; Established take away business, trading as " The Trawler's Catch." Serving area, kitchen, store rooms/cold room. Rear access via King Street, for delivery's etc.

First and second floors; Used as accommodation by the business owners below. Entrance hall, kitchen, reception, bathroom, two bedrooms. Private entrance via King Street.

Rented on a 15 year commercial lease, from December 2012 at £14,400 per annum. 4 years and 6 months remaining. For lease details please refer to the auction legal pack.

LOCATION:

Creswell is a former mining village located in the Bolsover district of Derbyshire, England. At the 2011 Census population details were included in the civil parish of Elmton-with-Creswell. Today it is best known for Creswell Crags and its model village.

TENURE:

Freehold

UNCONDITIONAL LOT:

Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price 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 or 42 days following the day of auction (unless otherwise stated in the legal pack).

*Connect UK Auctions does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. All displayed property boundaries use data provided by Land Registry and is assumed to be correct and updated regularly. However for the avoidance of doubt all displayed property boundaries are indicative and for marketing purposes only.

Reference: CCM-28706861

Additional Details

  • Tenure: Freehold
  • Auction

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