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NEXT AUCTION - THURSDAY 18TH AUGUST 2.30PM - Click here to view

Lot - Unit 5, The Market Place Blackwood Shopping Centre, Blackwood, NP12 1AU Auction Lot £75,000 - Auction Estates

Next Auction

The Nottingham Racecourse


18 August 2022

The Market Place Blackwood Shopping Centre, Blackwood, NP12 1AU

Guide Price: £75,000


Sold
£80,000

Key Features

  • Long Leasehold commercial investment Let on a 5 year Lease from July 2021 at £12,595 + VAT pa
  • Situated in the heart of The Market Place Blackwood Shopping Centre
  • Ideal opportunity for investors
Draft Details Only

Retail investment property in the heart of the Blackwood Shopping Centre let and trading as Blackwood Appliances on a 5 year lease from July 2021 at a rent of £12,595 plus VAT per annum

• Central position within the popular Blackwood Shopping Centre
• The Market Place comprises 22 retail units
• Adj to the active market square trading three times a week
• Comprising a two story purpose built retail unit
• Ground floor sales area approx 937 sq ft
• First floor offices/staff 758 sq ft
• Total Floor area approximately 1,695 sq ft
• Market Place connects directly from the High Street
• Blackwood Central bus terminal is adjacent to market square
• Not yet internally inspected by Auction Estates

VAT

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

Viewings

Please contact Auction Estates on (0115) 7844600

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.

Long Leasehold for a term of 999 years at a peppercorn rent.
Let on a 5 year Lease from July 2021 at a rent of £12,595 + VAT per annum

Refer to Legal Pack

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