1A The Crescent, Bilsthorpe, Newark, Nottinghamshire, NG22 8QX
Post
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£35,000+
Investment
Key Features
- Retail investment in Bilsthorpe Village at the end of a busy retail parade
- Currently let to Turkish Barbers for £4,800 pa
- Ideal opportunity for investors
Part of the
25 April 2024
auction
The Nottingham Racecourse
at
2.30PM
Retail investment in Bilsthorpe Village at the end of a busy retail parade with a mix of independent and national retailers. Let to a barber at £4,800 pa
- Retail investment within village retail parade
- Located in the heart of Bilsthorpe Village
- Adjacent to Tesco's Express
- Single storey retail unit currently let to a barbers
- Currently let to Turkish Barbers for £4,800 pa
- Retail unit measures approximately 260 sqft (Source: VOA)
- Surrounded by a high volume of residential properties
- In proximity to Mining museum, Local welfare and Village School
- Located 9 miles East of Mansfield and 14 miles West of Newark
- Ideal opportunity for investors
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. 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.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold retail investment subject to the existing lease producing £4,800 pa The property is let on a 5 year lease from 1st March 2024
Refer to Legal Pack