1 Bedroom Terraced House

AUCTION Mixed-Use Investment Opportunity | College Street, Long Eaton
A fantastic opportunity for investors and developers alike, this mixed-use property occupies a prominent position on College Street, Long Eaton, offering excellent visibility and footfall potential.
The property comprises a ground-floor commercial unit (shop) with a self-contained one-bedroom flat situated above. Both the commercial and residential elements are in need of refurbishment, presenting a blank canvas for buyers looking to add significant value.
Once renovated, the property has the potential to generate a combined rental income of approximately £15,000 per annum, making it an attractive proposition for those seeking a solid return on investment.
Key Features:

Mixed-use property - shop with one-bedroom flat above
Both units in need of refurbishment
Potential rental income of £15,000 pa
Prominent position on College Street, Long Eaton
Rear gated access to the flat
Close to local bus routes
Excellent transport links to surrounding areas

Guide Price: £85,000

By Appointment only via Wallace Jones Estate Agents.

 

Auction Details The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

- 5% deposit (subject to a minimum of £5,000)

- Buyer's Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.