Next auction Thursday 25th April 2.30PM

Unit B - 2C The Clock Tower Bar Gate, Newark, NG24 1ES



Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Sold
£115,000
Guide price

£80,000


Property Type

Investment


Key Features

  • Freehold retail investment let at £7,500 pa
  • Situated in the heart of Newark adjacent to Morrison's Supermarket
  • Located within a purpose built retail scheme

Part of the 16 June 2022 auction
The Nottingham Racecourse at 2.30PM

Freehold retail investment property Let to Dry Clean Plus at a rent of £7,500 pa adjacent to Morrison's Supermarket in Newark town centre

  • Freehold retail investment
  • Purpose built in 1989 along with the adjacent Morrison's
  • Feature entrance into Paxtons Court Retail Parade
  • Situated in the heart of Newark
  • Fronting Bar Gate close to Pizza Express & Pappa John's
  • Comprising a 2 storey corner retail unit
  • GF: Open plan sales area, rear staff w/c
  • GF sales - 538 sq ft
  • FF: Open plan store, office, kitchen & w/c
  • FF - 538 sq ft
  • Total floor area of - 1,076 sq ft
  • Trading as Dry Clean plus
  • Current rent passing - £7,500 pa
  • Tenant has been in situ for 13 years
  • Ideal investment opportunity

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 a 5 year FRI Lease from May 2011 (holding over) at a rent of £7,500 pa

Refer to Legal Pack

Email: mm@bannerjones.co.uk
Telephone: 01623 6750800

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