85 West Gate, Mansfield, Nottinghamshire, NG18 1RT

  • Conditional Online Auction Sale
  • Guide Price * : £115,000 Plus fees

FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Newton Fallowell - Mansfield


  • Three Storey Mid Terrace Property
  • Excellent Location
  • Investment Opportunity
  • In Need of Modernisation

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Newton Fallowell - Mansfield


Commercial Development

**FANTASTIC OPPORTUNITY**

BUSINESS GRANTS POTENTIALLY AVAILABLE FROM MANSFIELD COUNCIL TO DO VARIOUS WORKS (subject to application)

Positioned in the highly sought after location on West Gate in Mansfield Town Centre, which is surrounded by local shops, Chesterfield Road and the high street.

This three-storey mid terraced property would make an ideal investment opportunity with scope for further develop by converting the first and second floors into two separate self-contained flats ( which would need to be separated and subject to planning permission...neighbours nearby have been granted).


Front Reception - 4.163 x 3.780 (13'7" x 12'4")

Main entrance hallway with external door and window space to the front elevation, storage cupboard under stairs housing meters along with wall mounted electric panel heater.


Reception Room One - 3.10m x 2.51m reducing to 2.104


Rear Access

Wall mounted alarm panel.


Reception Room Two - 3.976 x 2.978 (13'0" x 9'9")


Downstairs Wc

Fitted with two piece bathroom suite comprising of low flush WC and wash handbasin.


Kitchen Area - 5.112 x 3.382 reducing to 2.233 (16'9" x 11'1" )

Various wall and base units included along with sliding cupboard, rear access via fire door, fully tiled floor-ing.


First Floor Landing


Reception Room Three - 4.677 x 3.078 (15'4" x 10'1")

Wall mounted electric heater, wash handbasin and window.


Reception Room Four - 4.347 x 3.084 (14'3" x 10'1")


Reception Room Five - 3.053 x 2.939 (10'0" x 9'7")

With electric heater and Skylight


First Floor Wc

Fitted with two peice bathroom suite compromising of low flush WC and wash handbasin, electric heater and hot water cylinder.


Reception Room Six - 3.579 x 2.851 (11'8" x 9'4")

With window and electric storage heater


Reception Room Seven - 8.303 x 5.188 (27'2" x 17'0")


Tenure
See Legal Pack

Legal Pack

The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a 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 which is available to download on our SDL Auctions website.


Online Auction Registration

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/

This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.

After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.

In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.


Conditional Online Auction Procedure

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period the sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.

Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf


Joint Agent

Newton Fallowell



Minimum Opening Bid

£115,000

Enter Bid (Min £115,000)

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Joint Agent

For viewings please contact:
Newton Fallowell
01623424616
molly.reeve@newtonfallowell.co.uk

Legal Documents

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