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

Lot - 16-18 Sneinton Road, Nottingham, NG2 4PA Auction Lot £100,000 - £125,000 - Auction Estates

Next Auction

The Nottingham Racecourse


18 August 2022

16-18 Sneinton Road, Nottingham, NG2 4PA

Guide Price: £100,000 - £125,000


Sold
£251,000

Key Features

  • Freehold commercial investment property
  • Situated close to the Motorpoint Arena
  • Let & Producing £8,000 per annum, Business Unaffected
Draft Details Only

Freehold city centre commercial investment property, let to a firm of Tyre Fitters at a rent of £8,000 per annum. Business unaffected

• Business Unaffected
• Prominent roadside location fronting busy Sneinton Road
• Easy access off Carlton Road
• Close to Motorpoint Arena and Sneinton Market
• A short walk into the heart of Nottingham City Centre
• Nottingham Train Station close by
• GF - Workshop & office - 1,355 sq ft
• FF - Storage space & w/c - 383 sq ft
• Basement - Storage space - 573 sq ft
• Total floor area - 2,311 sq ft (VOA)
• Let at £8,000 pa
• 6 year FRI Lease from October 2003 (inside the Act)
• Ideal investment opportunity

VAT

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

Viewings

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.

Freehold, subject to a 6 year FRI Lease from October 2003 (inside the Act) at a rent of £8,000 per annum. See legal pack for full details.

Refer to Legal Pack

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