Terraced House in Mansfield

20 King Edward Street, Shirebrook, Mansfield, Nottinghamshire NG20 8AU
  • Lot No: 80
  • Property Type: Terraced House
  • Contract Type: Unconditional with Variable Fee

Guide Price* £38,000+ plus fees

Property Description

Excellent Investment Property – Approved for Residential Conversion A mid terraced commercial property comprising of a ground floor retail unit with upper floor storage space. 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. 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.

Ground Floor

Retail Unit


First Floor

Storage Room


If converted the property would comprise

Ground Floor, Open plan lounge/ Kitchen / Diner, First Floor, Bedroom and Ensuite Shower Room


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction 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.

Auction Details

Date 24th April 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

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