Next auction Thursday 20th June 2.30PM

Garages 1-6, Dunstan Street, Netherfield, Nottingham, NG4 2NW



Sold
£52,000
Sold
£52,000
Sold
£52,000
Sold
£52,000
Sold
£52,000
Guide price

£30,000+


Property Type

Investment


Key Features

  • A freehold purpose built block of 6 garages
  • Fully let and producing £2,688 pa (ERV:£3,600)
  • Scope for future redevelopment (STP)

Part of the 23 February 2023 auction
The Nottingham Racecourse at 2.30PM

A freehold block of six garages and associated land off this residential street in the heart of Netherfield, fully let and producing £2,688 per annum (ERV:£3,600+)

  • Within a popular residential suburb of Nottingham (3 miles east)
  • On Dunstan Street adj to Hawk Cycles (Graham Read Cycles)
  • A short walk from the retail centre of Netherfield/Train Station
  • Close to Co-op, Lidl and a host of local retailers
  • Surrounding streets of terraced houses with on-street parking
  • Close to Victoria Retail Park (McDonalds, Greggs, Costa, etc)
  • Comprising a purpose built freehold block of 6 garages
  • Title Number NT216242
  • On a site of approximately 300 sq m (0.07 acre)
  • Block is approximately 800 sq ft in total
  • Each garage is approximately 133 sq ft (5m x 2.5m)
  • Not yet internally inspected by Auction Estates
  • Potential future redevelopment opportunity (STP)

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 existing tenancies of the 6 garages (see Legal Pack). Fully let and producing £3,600 per annum 7 - let at £35 per month since 2014 8 - let at £35 per month since 2014 9 - let at £50 per month since 2012 10- let at £25 per month since 2019 11- let at £50 per month since 2022 12 - let at £29 per month since 2012

Refer to Legal Pack

Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800

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