433 Beechdale Road, Nottingham, NG8 3LF
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£195,000+
Investment
2
Key Features
- Freehold two storey mixed use retail and residential investment property within an established parade of retail shops
- Fully let and producing £19,800 per annum
Part of the
22 June 2023
auction
The Nottingham Racecourse
at
2.30PM
Freehold two storey mixed use retail and residential investment property within an established parade of retail shops on Beechdale Road in Nottingham. Fully let and producing £19,800 per annum
- Within a popular retail parade fronting this busy section of Beechdale Road
- Busy thoroughfare between City Centre & J26 M1
- Good transport links to the City Centre and surrounding areas
- Within a densely populated residential suburb of Nottingham
- Off street forecourt parking to the shop frontage
- GF: comprises two self contained retail units (both let)
- Both shops lets to a single tenant on a lease expiring 2027
- Ground floor rent for both shops £12,000 pa (rising annually)
- FF: two bedroom self contained apartment
- FF flat let on an AST at £650 pcm (£7,800 pa)
- High yielding investment opportunity with fixed rental uplifts
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 lease and Tenancy Agreement. Both shops let on a single lease dated 29th July 22 for a term of 5 years expiring 2027 at a rent of £12,000 pa for 2023 rising annually by £500 on 29th July each year (£14,000 pa in 2026) The flat is let on an AST producing £650 pcm (£7,800 pa) - refer to legal pack
Refer to Legal Pack
Email: gb@clarkemairs.com
Telephone: 0191 245 4735