Detached house for sale in Newgate Lane, Mansfield, Nottinghamshire NG18

Exciting Auction Opportunity!

Starting Bid: £180,000

Brilliant Investment Alert - Don’t miss out on this fantastic opportunity to secure a versatile property in a prime location! Situated close to Mansfield Town Centre, this property is perfect for both business and residential use.

Key Features:

Prime Location - Conveniently located near Mansfield Town Centre, offering excellent visibility and accessibility for any business.

Versatile Space - Originally two separate shops, the property has been expanded to accommodate a thriving business but could be easily converted back into two individual shops—ideal for investors or entrepreneurs looking to capitalize on a flexible space.

Ample Parking - Features parking facilities for employees, ensuring convenience and accessibility.

Large Detached Garage - Located at the rear of the unit, providing additional storage or workspace.

Additional Living Space - A self-contained 1-bedroom apartment at the rear includes a lounge/kitchen, a cozy bedroom, and a modern bathroom—perfect for additional rental income or as accommodation for business staff.

Investment Potential:

Business Flexibility - The property offers potential for a range of business uses or the opportunity to continue the current business model.
Conversion Opportunities - Easily revert to two separate retail units to suit various business needs.
Rental Income - The 1-bedroom apartment provides an extra income stream or convenient living space.
This property offers a unique blend of commercial and residential features, making it an exceptional investment opportunity. With a starting bid of just £180,000, it won’t last long!
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Auction Date: [Insert Date] Location: [Insert Location for Auction]

For more information or to arrange a viewing, please contact us today!

Don’t miss your chance to invest in this prime property—register to bid and make it yours!