1-3 Clarence Court, Carlton Road, Nottingham, NG3 2FB
£1,155,000+
Commercial
Key Features
- An opportunity to acquire a freehold Industrial Estate investment
- Comprising a block of 3 units totaling 14,530 sq ft on a site area of circa 0.65 acres
- Total Current Rent Reserved of £82,000 pax
Part of the
20 February 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a freehold Industrial Estate investment comprising a block of 3 units totaling 14,530 sq ft on a site area of circa 0.65 acres. Total Current Rent Reserved of £82,000 pax
- Located in a prominent position on Carlton Road (B686)
- One of the main arterial routes into the City Centre
- Occupying an established roadside commercial area
- Adjacent to Lidl supermarket
- 5 minute walk to Motorpoint Arena & Hockley amenities
- 0.5 miles from Nottingham Train Station
- A short walk into Nottingham City Centre
- Unit 1 is let to PPG Architectural Coatings UK Ltd
- Unit 1 is let on a 10-year lease at £20,500 pa (Holding over)
- Unit 2 & 3 let to Construction Skills People Ltd
- Unit 2 & 3 let on a 5-year lease at £61,500 pa (Holding over)
- Unit 1 measures 4,669 sq ft
- Unit 2 & 3 measures 9,861 sq ft
- Providing a combined area of 14,530 sq ft
- Each unit benefits from a yard & a roller shutter door
- Car park to the side of the unit providing ample parking
- An ideal asset management opportunity
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 subject to the existing leases Unit 1 is let on a 10 year lease dated 01.08.2013 at a rent of £20,500 pa (Holding over) Units 2 & 3 is let on a 5 year lease dated 31/01/2020 at a rent of £61,500 pa (Holding over on exchange)
Refer to Legal Pack