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NEXT AUCTION - THURSDAY 14TH OCTOBER 2.30PM - Click here to view

Lot - Units 1 - 5, 170-180 Carlton Road, Nottingham, NG3 2BB Auction Lot £325,000+ - Auction Estates

Next Auction

The Nottingham Racecourse


14 October 2021

170-180 Carlton Road, Nottingham, NG3 2BB

Guide Price: £325,000+


Sold
£505,000

Key Features

  • Freehold commercial investment block 0.5 miles from Nottingham city centre
  • 5 commercial units consisting offices, warehouse and workshop with a total of 9,491 sq ft
  • Total combined income of £45,800 pa
Draft Details Only

Freehold block of 5 commercial units with a total site area of circa 0.45 acres with a total of 9,491 sq ft of office, workshop and warehouse space and a large car park of 26 spaces and a combined rent of £45,800 pa

• Freehold block of 5 x commercial units
• Located 0.5 miles from Motorpoint Arena
• Easy access to City centre by foot, car or bus
• Located opposite Lidl & Falcon Supermarket
• Secured gated access to the 0.45 acre site
• Secured parking with 26 allocated spaces
• Unit 1 - 3,494 sq ft ground floor warehouse and office
• Unit 2 - 2,208 sq ft ground floor warehouse/workshop
• Unit 3 - 1,108 sq ft ground floor office
• Unit 4 - 837 sq ft ground floor office
• Unit 5 - 1,844 sq ft first floor office
• Total combined floor area - 9,491 sq ft (SOURCE: VOA)
• Each unit benefits from water, electric and mains drains
• Gas is supplied to the site but capped off
• Ideal investment opportunity with further development potential

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 tenancies:
Unit 1 - from 01.04.20 to 31.03.25 - £10,000 pa
Unit 2 - from 01.04.15 to 31.03.25 - £7,000 pa
Unit 3 - from 04.05.21 to 03.05.27 - £8,400 pa (2 year break clause)
Unit 4 - from 12.03.21 to 11.03.26 - £8,400 pa (2 year break clause)
Unit 5 - from 15.08.20 to 14.08.26 - £12,000 pa (18 month break clause)

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