Unit A - 2A The Clock Tower Bar Gate, Newark, NG24 1ES
£75,000
Investment
Key Features
- Freehold town centre retail investment
- Let on a 5 year Lease from November 2020 at a rent of £7,500 pa
- Situated adjacent to Morrison's Supermarket
Part of the
16 June 2022
auction
The Nottingham Racecourse
at
2.30PM
Freehold retail investment property Let to Beauty and the Brow 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 retail unit
- GF: Open plan sales area, office, stairs to FF
- GF sales - 500 sq ft
- FF: 2 x beauty rooms and w/c
- FF - 313 sq ft
- Total floor area of - 813 sq ft
- Trading as Beauty and the Brows
- Current rent passing - £7,500 pa
- 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 November 2020 at a rent of £7,500 pa
Refer to Legal Pack
Email: mm@bannerjones.co.uk
Telephone: 01623 6750800