Next auction Thursday 15th August 2.30PM

Telecommunications Mast, Churchfield Court, Bewcastle Road, Nottingham, NG5 9JL



Sold
£225,000
Sold
£225,000
Sold
£225,000
Guide price

£135,000+


Property Type

Telecoms


Key Features

  • Freehold fenced and secure site on which currently sits Telecommunications Mast
  • Subject to current Leases benefitting from income of £12,354.92 pa
  • Situated just off Bestwood Park Drive

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 £12,354.92 pa

  • Freehold telecoms mast
  • Adjacent to Churchfield Court & Woodview Business Centre
  • Just off Bestwood Park Drive
  • Base rent - £6,155.77 pa
  • Benefits from Payaway of £6,199.15 pa
  • Total current income - £12,354.92 pa
  • Ideal opportunity for investors

At anytime from Bewcastle Road

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 Arquiva Services Limited for a term of 25 years from 20.11.95 to 31.07.21 at a rent of £6,155.77 pa and a paway to Vodafone at £2,614.08 pa and H3G at a rent of £3,585.07 pa - Totalling £12,354.92 pa

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