Next auction Thursday 25th April 2.30PM

Units 1-8 Stamford Court, Casterton Road, Nottingham, NG5 5LZ



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Guide price

£1,115,000


Property Type

Investment


Key Features

  • High yielding Industrial Estate investment with a current rent reserved of £113,200 pax
  • Comprising 2 blocks with a total of 8 units totaling 21,551 sq ft on a site of approx 1.55 acres
  • For Sale on a long leasehold basis (99 years from 06/02/1984)

Part of the 22 June 2023 auction
The Nottingham Racecourse at 2.30PM

High Yielding Long Leasehold Industrial Estate investment comprising 8 units totalling 21,551 sq ft producing a rent of £113,200 pax

  • High yielding Industrial Estate investment
  • Strategic location between Top Valley & Arnold
  • Approximately 3.4 miles from J26 of the M1
  • Circa 30 minutes (14.5 miles) from East Midlands Airport
  • Situated 3.5 miles North of Nottingham City Centre
  • Site area 1.55 acres (0.67 Ha)
  • Comprising two purpose built blocks of industrial units
  • Tenants include: A & J Granite, Glendale services, Sleek Interiors
  • Total Gross Internal Floor Area circa 21,551 sq ft
  • Ample loading, parking and circulation space
  • Representing a high yielding investment opportunity
  • Red line image is for illustration purposes only, refer to title plan (Legal Pack)

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.

Long Leasehold interest with a term of 99 years commencing from 06/02/1984 with a total current rent reserved of £113,200 pax less a ground rent equivalent of 16.66% of the total rental income.

Refer to Legal Pack

Email: mm@bannerjones.co.uk
Telephone: 01623 6750800

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