Telecommunications Mast Lawrence House, 2A Clarendon Street, Nottingham, NG1 5NT
£200,000+
Telecoms
Key Features
- Long leasehold rooftop space on Lawrence House on which currently sits Telecommunications Mast
- Subject to Leases and an income of £18,735.20 pa
- Situated within Nottingham City Centre
Part of the
14 October 2021
auction
The Nottingham Racecourse
at
2.30PM
Long leasehold rooftop space on Lawrence House on which currently sits Telecommunications Mast benefitting from a total current income of £18,735.20 pa
- Long leasehold telecoms mast
- Centrally located within Nottingham City Centre
- Located on roof top of Lawrence House
- Benefits from 2 x leases
- Base rent - £18,735.20,500 pa
- Total current income - £18,735.20 pa
- Ideal opportunity for investors
At anytime from the ground on Clarendon Street
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Long Leasehold Subject to Licences to EE for a term of 20 years from 15.12.05 to 14.12.25 at a rent of £10,735.20 pa and to Telefonica for a term of 15 years from 12.10.01 to 12.10.16 at a rent of £8,000 pa - Totalling £18,735.20