Next auction Thursday 22nd February 2.30PM

557 Aspley Lane, Aspley, Nottingham, NG8 5RX



Sold
£260,000
Sold
£260,000
Sold
£260,000
Sold
£260,000
Sold
£260,000
Sold
£260,000
Guide price

£225,000+


Property Type

Mixed Use

Bedrooms

2


Key Features

  • Freehold two storey mixed use retail and residential investment property
  • Comprising two shops and a self contained apartment, fully let at £24,490 pa
  • Popular and established suburb of Nottingham close to J26 of the M1 Motorway

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

Freehold two storey mixed use retail and residential investment property within an established parade of shops on Aspley Lane in Nottingham. Fully let and producing £23,290 pa (including Service Charge)

  • Within a popular retail parade adjacent to a Premier store
  • Busy thoroughfare between City Centre & J26 M1
  • Good transport links to the City and surrounding areas
  • Aspley is a densely populated residential suburb
  • Off street forecourt parking along this section of Aspley Ln
  • GF: comprises two self contained retail units (both let)
  • Shop A - 5 Star Wings & Desserts let at £6,000 pa
  • Includes retail area and rear store
  • Shop B - Pearl Laser Clinic let at £8,400 pa
  • NIA: 609 sq ft (retail area, office, kitchen, staff area & W/C)
  • FF: two bedroom apartment let on AST at £8,950 pa (inc SC)
  • NIA: 732 sq ft
  • Fully let at a total combined rent of £23,290 pa (inc SC)
  • High yielding investment opportunity

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 existing tenancies, fully let at £24,490 pa Refer to legal pack for full tenancy details

Refer to Legal Pack

Email: gb@clarkemairs.com
Telephone: 0191 245 4735

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