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13, Ryton Street, WORKSOP, Nottinghamshire, S80 2AY

17th December 2018
starts 11:00 AM at Grand Connaught Rooms
sold for
£44,500

Tenure: Freehold

freehold retail unit with office accommodation above
potential for conversion of upper floor back to residential
investment with rent reserved £5,750 per annum
tenant holding over – opportunity for rental growth

description:
The property comprises this mid terrace two storey building with retail accommodation at the ground floor and further ancillary accommodation above. It is understood that the current use of the upper floor is for office but may provide the potential for conversion to a self contained residential unit subject to the
necessary consents.

accommodation:
Retail Zone A 23.7sqm (255sq.ft.)
Retail Zone B 9.8sqm (105.5sq.ft.)
Ground floor kitchen 11.3sqm (122.1sq.ft.)
Ground floor staff WC 0.9sqm (10.2sq.ft.)
First floor room one 17.7sqm (190.5sq.ft.)
First floor room two 14.2sqm (152.8sq.ft.)
First floor room three 17.4sqm (187.2sq.ft.)
First floor room four 18.6sqm (200.2sq.ft.)
Kitchen 5sqm (53.8sq.ft.)
WC 9.1sqm (98.9sq.ft.)
Total internal area 127.9sqm (1,376sq.ft.)

tenancy:
The property is let to R Vasudevan (trading as Ryton Off Licence) for a term of 5 years from 26th June 2012 at a fixed rent for the term of £5,750 per annum.

note:
The tenant is currently holding over on the existing lease.





Important Notice:
For each Lot, a contract documentation fee of £1000 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus makes every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers’ risk.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. 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 the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. 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.
5. 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 OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 11th January 2019 at 09:18 AM
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