Next auction Thursday 15th August 2.30PM

Industrial Units, Union Street, Sutton in Ashfield, NG17 5DB



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Guide price

£325,000


Property Type

Investment


Key Features

  • Freehold industrial investment opportunity measuring circa 10,000 sq ft
  • Comprising 7 self contained units all Let and producing a combined rent of £35,760 pa
  • Situated just 3 miles from junction 28 of the M1

Part of the 18 August 2022 auction
The Nottingham Racecourse at 2.30PM

Large Freehold industrial property measuring a total of circa 10,000 sq ft made up of 7 individual units all let and producing £35,760 per annum to various occupiers close to Sutton town centre some 3 miles from junction 28 of the M1

  • Large freehold industrial unit
  • Situated in the heart of Sutton
  • A short walk from the town centre
  • Circa 3 miles from junction 28 of the M1
  • Current split up into 7 separate letting units
  • Unit 2 Reform Street - £650 pcm
  • Unit 2a Reform Street - £650 pcm
  • Unit 1 Union Street - £650 pcm
  • Unit 1a Union Street - £250 pcm
  • Unit 2 Union Street - £620 pcm
  • FF The Chapel - £160 pcm
  • Total rent - £2,980 pcm (£35,760 pa)
  • All units are manageable sizes
  • Measuring a total of circa 10,000 sq ft
  • Previous planning for a scheme of 44 apartments
  • Ashfield District Council Ref: V/2006/1038

STRICTLY by appointment ONLY 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 the various occupation tenancies: Unit 2 Reform Street - £650 pcm Unit 2a Reform Street - £650 pcm Unit 1 Union Street - £650 pcm Unit 1a Union Street - £250 pcm Unit 2 Union Street - £620 pcm FF The Chapel - £160 pcm Total rent - £2,980 pcm (£35,760 pa)

Email: kcourtney-may@hopkins-solicitors.co.uk
Telephone: 01623 468468

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