Shop in Kirkby town centre comes under the hammer

Private landlords wanting to invest in town-centre property are being urged to take a look at a shop, with flat above, in Kirkby.

Wednesday, 11th October 2017, 5:15 pm
Updated Monday, 11th December 2017, 10:34 pm
The shop and flat at Station Street, Kirkby that is coming under the hammer at auction.
The shop and flat at Station Street, Kirkby that is coming under the hammer at auction.

For the mixed-use property at 5, Station Street is to come under the hammer at auction on Friday, October 20. And experts believe it could be an attractive proposition for buyers looking to rent it out.

“This is a superbly presented property based in a prime town-centre location,” said Vejay Pal, senior valuer at SDL Auctions Graham Penny, who are hosting the auction in Nottingham.

“Estimated rental returns are worth up to 20 per cent based on the guide price, and so we are expecting some strong bidding for this lot.

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“It is a great example of the wide variety lots we have at our auction, and we are expecting a busy day.”

The shop and flat has a guide price of £45,000-plus, and an estimated combined rental income of about £8,000 to £9,000 per year, if fully let.

The auction is taking place at Nottingham Racecourse at Colwick Park in the city from 11.30 am. In total, there are 35 lots, and the full catalogue can be found at the SDL Auctions website. The firm is one of the largest auction networks in the UK.