LIVE ONLINE AUCTION - Click here to view

306/308 Colwick Road, Nottingham, NG2 4BG



Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Sold
£100,000
Guide price

£70,000 to £100,000


Property Type

Land


Key Features

  • Freehold land, subject to existing Long Leasehold Interests
  • Current Reserved Rent of £2,600 pa
  • Includes a central access roadway

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

Freehold Industrial land and access roadway (0.139 acres) subject to existing Long Leasehold interests with a rent of £2,600 pa. Located with an established industrial estate location off Colwick Loop Road close to Nottingham City Centre.

  • Freehold industrial land & access road, subject to Long Leasehold interests
  • Current Reserved Rent of £2,600 pa
  • Established Industrial Estate location off Colwick Loop Rd
  • A short distance from Nottingham City Centre
  • Close to Colwick Park & Ride, Costa, KFC & Aldi
  • Excellent transport links to Nottingham City
  • Industrial units on site, subject to Long Leaseholds
  • Includes central access roadway
  • A rare strategic 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 Long Leasehold interests Trend Motors let on a 125 year lease from 23rd December 2005 producing a peppercorn rent. Wilkins and Mitchell Ltd let on a 99 year lease from 3rd July 1979 producing £2,600 pa. There are 7 yearly rent reviews on the 850 sq yd plot, a couple of which have not been triggered.

Refer to Legal Pack

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Telephone: 0115 8765 729

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