20 King Edward Street, Shirebrook, Mansfield, Derbyshire NG20 8AU

Excellent Investment Property – Approved for Residential Conversion

A mid terraced commercial property comprising of a ground floor retail unit with upper floor storage space.

Well placed within the town centre and close to other retail outlets and residential accommodation. Close to the Train Station and with easy access to the M1 and motorway network

Estimated rental value as a retail unit of £6000 per annum.

An excellent investment opportunity offering strong potential for return on investment or a development opportunity, with planning permission granted to convert into a one-bedroom dwelling house.

Planning permission has also been granted for conversion from retail to residential and to form a one bedroom house. Ref 23/00313/FUL Granted November 2023.

Auction Details

The sale of this property will take place on the stated date by way of Online 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, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% inc. VAT 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.