1-19 Commercial Road, Bulwell, Nottinghamshire, NG6 8HD
£500,000+
Commercial
Key Features
- A retail investment opportunity in the heart of Bulwell Town Centre
- Total current rent reserved of £116,500 pax
- Fully let parade of shops
Part of the
17 October 2024
auction
at
2.30PM
An opportunity to acquire a retail investment property comprising six units, fully let with a total current rent reserved of £116,500 pax
- Purpose built block of shops in Bulwell Town Centre
- Extending in total to circa 17,559 sq ft
- On pedestrianised Commercial Rd, off Market Place
- Bulwell is a busy Market town north of Nottingham
- Close to J26 of the M1 Motorway
- A short walk from the NET/train station
- Unit 1-3 let to Gym Beast at £38,000 pax (8,207 sq ft)
- Unit 5 - let to Vape Shop at £13,500 pax - (1,819 sq ft)
- Unit 7-9 let to Mikes Mobility at £20,000 pax (2,532 sq ft)
- Unit 11 let to Coffee & Cream at £17,000 pax (1,307 sq ft)
- Unit 15 let to Alex Norris MP at £13,000 pax (515 sq ft)
- Unit 17-19 let to The Toy Library at £15,000 pax (3,179 sq ft)
- Total current rent reserved of £116,500 pax
- Large rear yard with ample parking, loading & circulation
- An ideal investment opportunity
Contact Auction Estates (0115) 7844600
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Offered For Sale on a Leasehold basis for a term of 99 years from 1979 at a rent of £20,000 pa
Refer to Legal Pack