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

Lot - 28 Park Road, Nottingham, NG7 1JG Auction Lot £150,000+ - Auction Estates

Next Auction

The Nottingham Racecourse


14 October 2021

28 Park Road, Nottingham, NG7 1JG

Guide Price: £150,000+


Key Features

  • Freehold mixed use mid-terrace property producing £17,251.42 pa
  • Massage Therapy at ground floor & basement and student accommodation at first and second floors
  • A short distance from both Nottingham City University Campuses
Draft Details Only

Freehold mixed use property located close to The Park and both of Nottingham's City University Campuses generating a current combined rent of £17,251.42 pa

• Freehold mixed use mid-terrace property
• Located a short walk from Nottingham City Centre
• Close to Castle Marina Retail Park
• Walking distance to both Nottingham City University Campuses
• GF let to Genesis II Massage Therapy from 14.06.19 to 13.06.25
• Let at a current passing rent of £8,700 pa
• GF: Reception, shower room, w/c, kitchen
• Basement: 3 x massage rooms
• Residential accommodation is at first and second floors
• FF: Living room/diner, kitchen, shower room
• SF: 2 x generous double bedrooms
• Flat is let to students from 01/09/21 to 31/08/22
• Let at a current rent of £8,551.42 pa
• The flat is accessed via a self contained entrance from rear
• Property benefits from a good sized yard to rear
• On street parking to the front

VAT

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

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
Lease of Ground floor and basement from 14.06.19 to 13.06.25 to Genesis II Massage Therapy at a rent of £8,700 pa
Upper floors let from 01/09/21 to 31/08/22 at a current rent of £8,551.42 pa

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