Next auction Thursday 15th August 2.30PM

23 Garages at Mansfield Court, Mansfield Road, Nottingham, NG5 2BW



Sold
£145,000
Sold
£145,000
Sold
£145,000
Sold
£145,000
Guide price

£125,000+


Property Type

Investment


Key Features

  • A selection of 23 freehold garages located within the Mansfield Court Development
  • All 23 garages are let on short term agreements with current income of £1,100 pcm (£13,200 pa)
  • Potential future redevelopment opportunity STP

Part of the 24 February 2022 auction
The Nottingham Racecourse at 2.30PM

A selection of 23 freehold garages at Mansfield Court, currently fully let and producing £1,100 pcm (£13,200 pa)

  • A selection of 23 freehold garages
  • Located within the Mansfield Court Development
  • Just off the Goose Fair roundabout
  • Close to a wealth of local amenities
  • Single storey garages suitable for cars and storage
  • All 23 garages are let on short term agreements
  • Current income of £1,100 pcm (£13,2000 pa)
  • Potential to increase rents
  • Possible scope for future redevelopment STP
  • Ideal opportunity for owner occupiers and investors

Internal viewings of individual garages are not available. External viewings at anytime from Mansfield Court

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 occupational agreements, currently producing £840 pcm (£10,080 pa)

Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800

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