Telecommunication Mast Ransom Drive, Nottingham, NG3 5LR
£375,000+
Telecoms
Key Features
- Freehold fenced and secure site on which currently sits Telecommunications Mast
- Subject to Leases and current income of £35,000 pa
- Located adjacent to entrance of The Nottingham Academy
Part of the
14 October 2021
auction
The Nottingham Racecourse
at
2.30PM
Freehold fenced and secure site on which currently sits Telecommunications Mast benefitting from a total current income of £35,000 pa
- Freehold telecoms mast
- Accessed off Ransom Drive
- Adjacent to entrance of The Nottingham Academy
- Close to Woodborough Road & The Wells Road
- Base rent - £8,500 pa
- Benefits from Payaway of £26,500 pa
- Total current income - £35,000 pa
- Ideal opportunity for investors
At anytime from Ransom Drive
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 a lease to Arqiva for 20 years from 25.04.04 to 24.04.24 with a base rent of £8,500 pa and a payaway of £26,500 pa, totalling £35,000 pa
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Telephone: 0115 876 5729