Next auction Thursday 25th April 2.30PM

Ayr Street Workshops, Ayr Street, Nottingham, NG7 4FX



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Guide price

£300,000 - £350,000


Property Type

Commercial


Key Features

  • Freehold multi let investment opportunity
  • Providing 7,782 sq ft over 3 floors
  • Final block viewing: Friday 14th October at 11 AM, please arrive promptly

Part of the 20 October 2022 auction
The Nottingham Racecourse at 2.30PM

Freehold Multi Occupancy Investment situated a short distance from Nottingham City Centre and the Nottingham Trent University City Campus comprising 12 units measuring circa 7,782 sq ft

  • Freehold multi occupancy investment
  • Located a short distance from the city centre
  • Close to the Nottingham Trent University
  • Surrounded by student housing
  • Comprising 12 commercial units
  • Situated over 3 floors
  • GF comprises 3 units measuring a total of 2,375 sq ft
  • FF comprises 4 units measuring a total of 2,145 sq ft
  • SF comprises 3 floors measuring a total of 2,223 sq ft
  • Unit 12 GF stand alone unit measures 1,039 sq ft
  • Total area of circa 7,782 sq ft
  • Communal entrance to the left with corridors and staircase
  • Toilets situated on the middle of each floor
  • May suit residential conversion STP and vacant possession
  • Ideal investment and management 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 Multi Occupancy Investment Units 1, 2 & 3 let at £10,000 pa on a 2 year lease to 2016 Units 4 & 5 Vacant Unit 6 let at £2,500 pa on a 3 year lease to 2020 Unit 7, 8 & 11 let at £6,675 pa on a periodic tenancy Units 9 & 10 let at £3,600 pa on a periodic tenancy Unit 12 let at £4,500 pa on a 5 year lease to 2022

Refer to Legal Pack

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