FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of RF & O

AVAILABLE on a BUY IT NOW for £205,000


Ground Floor Launderette with 2 Bedroom Flat

RF & O are delighted to offer for sale this exciting opportunity to acquire a long established freehold Launderette in Pinxton (just a short distance to the A38 and M1 link roads).

The current owner has managed the property and business for over 6 years and the property has been operating as a launderette since the 1970s. The business is doing well, with many regular customers, large contracts, and opportunities for further growth.

Both the Launderette and the Two Bedroom Flat above have been refurbished within recent years.
The Launderette sale currently includes:

- 7 Washing Machines
- 5 Dryers
- 4 Rotary Irons
- 2 Commercial Ironing Systems
- 2 Commercial Heated/Vacuumed Ironing Tables as well as hanging rails, storage shelving, etc.

The business offers self service and service facilities for washing and drying as well as an ironing service. There is also a collection and delivery service available.

The launderette has a well established customer base of both general public and commercial clients.

The company van is available by separate negotiation.

Important Information: As a launderette is an essential business it is not affected by pandemic lockdowns, national or local.

The launderette currently employs two members of staff.

Annual turnover available on request.


Two Bedroom Flat:

This well presented flat is ideal for the business owner's private use or for an investor.

Two bedroomed first floor apartment. Situated above the commercial premises and close to local shops with excellent road links providing access to A38 & M1 motorway. The property benefits from gas central heating and double glazing with ample off road parking to the rear. The accommodation comprises of stairs rising from the launderette below, landing providing access to both bedrooms, kitchen, living room and bathroom.

An early viewing is advised.

Comprising of carpeted flooring, a modern feature electric fireplace, central heating radiator, double glazed window to the front elevation and TV ariel point.

Fitted with a range of contemporary wall and base units, a large five ring induction hob with extractor hood over, eyelevel electric oven and separate electric grill, fitted microwave, sink unit with mixer tap and drainer, double glazed window, plumbing for a dishwasher/washing machine, complimentary tiled splashback to working surfaces, space for a fridge freezer and cushion vinyl flooring.

With carpeted flooring, central heating radiator, double glazed window.

With carpeted flooring, central heating radiator, double glazed window.

This well proportioned bathroom has the added benefit of a large walk in shower with glass cubicle and with complimentary partially tiled walls. The bathroom also comprises of a white contemporary hand basin and vanity cupboard and a white low level flush W.C.

To the rear of the property is a well maintained garden which provides access to the summer house and storage shed and ample off road parking approached via a driveway which is shared with the neighbouring property.

Tenure
Freehold

The auction for this property be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are will no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Auctions’ website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Auctions’ Buyers Terms (England & Wales) which are available to read on SDL Auctions’ website.

If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.

The following non-refundable fees apply:
• Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to us. SDL Auctions has limited control over the content of the Special Conditions of Sale.

Deposit
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.

When you register to bid, you will be prompted to provide your payment details to SDL Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
• Reservation fee of £7,200 – calculated as 4.8% of guide price- this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
• £960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)

Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on SDL Auctions’ website, and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

To register to bid on the property, search for the lot on SDL Auctions’ website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, EIG.

RF & O Properties