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NEXT AUCTION - THURSDAY 9TH DECEMBER 2.30PM - Click here to view

Lot - Telecommunication Mast, Mill Hill, Nottingham, NG11 8ES Auction Lot £90,000+ - Auction Estates

Next Auction

The Nottingham Racecourse


09 December 2021

Mill Hill, Nottingham, NG11 8ES

Guide Price: £90,000+


Sold
£140,000

Key Features

  • Freehold fenced and secure site on which currently sits Telecommunications Mast
  • Benefits from Leases with a total yearly income of £7,750
  • Located on the top of Mill Hill
Draft Details Only

Freehold fenced and secure site on which currently sits Telecommunications Mast benefitting from a total current income of £7,750 pa

• Freehold telecoms mast
• Adjacent to the Clifton South Tram Park & Ride
• Just off A453 close to M1/ East Midlands Airport
• To the South of Clifton Village
• Base rent - £5,750 pa
• Benefits from Payaway of £2,000 pa
• Total current income - £7,750 pa
• Ideal opportunity for investors

VAT

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

Viewings

At anytime from Mill Hill

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 a Lease to Arqiva Services Limited for a term of 25 years from 19.01.99 to 18.1.24 at a base rent of £5,750 pa and payaway to H3G at a rent of £2,000 pa, totalling £7,750 pa

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