Unit 4-5 Victoria Road, Netherfield, Nottingham, NG4 2LA
£145,000+
Investment
Key Features
- Freehold retail investment opportunity in the heart of Netherfield
- Let to Motability (holding over) at a rent of £11,000 pa
- Benefits from Conditional Planning for conversion of upper floors to 2 x 2 bed apartments
Part of the
24 February 2022
auction
The Nottingham Racecourse
at
2.30PM
Freehold retail investment opportunity in the heart of Netherfield. Currently Let to Motabits at a rent of £11,000 pa
- Freehold retail investment opportunity
- Situated on the heart of Netherfield
- On the end of a row of 4 shops on Victoria Road
- 2 x customer parking spaces to the front
- Ground floor retail sales area of circa 1,000 sq ft
- Staff w/c and kitchenette to the rear of ground floor
- First floor storage, office, w/c & kitchenette
- FF measures approximately 1,000 sq ft
- Total floor area of 2 floors circa 2,000 sq ft
- Conditional Planning Permission for conversion of upper floors
- Conversion of upper floors to 2 x 2 bedroom apartments
- Gedling Borough Council Ref: 2021/0465
- Ideal opportunity for investors and developers
Please contact Auction Estates on 0115 7844 600
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 tenancy (holding over) to Motabits at a rent of £11,000 pa
Refer to Legal Pack
Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800