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NEXT ONLINE AUCTION – THURSDAY 15TH APRIL 2.30PM - Click here to view

Lot - 1-3 Canning Chambers Canning Circus, Nottingham, NG7 3NE Auction Lot £295,000+ - Auction Estates

1-3 Canning Chambers Canning Circus, Nottingham, NG7 3NE

Guide Price: £295,000+


Sold
Prior

Key Features

  • Substantial freehold three storey property close to NTU City Campus
  • Comprising 2 ground floor shops with 2 self contained flats
  • Total reported income of £24,000 pa
Draft Details Only

An opportunity to purchase a substantial freehold three storey property in a prominent location comprising 2 ground floor shops with 2 self contained flats

• Fronting Canning Circus
• Surrounded by new build student accommodation
• Within walking distance of NTU City Campus & city centre
• 2 x shops at ground floor
• Each providing sales areas with separate kitchen areas & w/c's
• Flat 1 - 2 x bedrooms, lounge, kitchen & bathroom
• Flat 2 - 2 x bedrooms, lounge, kitchen & bathroom
• Communal staircase to flats with further store areas
• Cellarage and parking area with storage yard
• Previous planning consent for 10 unit apartment scheme
• Planning Ref: 12/03192/PFUL3
• Previous planning consent to convert shops to flats
• Both planning consents have now lapsed
• Not internally inspected by Auction Estates
• Photos from historic inspection and yet to be updated

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

Fees

A buyer's premium of £1,440 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 occupational tenancies with incomes reported to be:
1 Canning Chambers (Shop) - £500 pcm (holding over)
1a Canning Chambers (Flat) - £450 pcm
3 Canning Chambers (Shop) - £550 pcm
3a Canning Chambers (Flat) - £500 pcm
Total reported income - £24,000 pa

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