182-184 Carlton Road, Nottingham, NG3 2BB
£250,000+
Investment
Key Features
- An opportunity to acquire a freehold investment property comprising two modern retail units fronting this busy section of Carlton Road in Nottingham City Centre
- Total Current Rent Reserved: £25,000 pax
- An ideal investment opportunity
Part of the
20 June 2024
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a freehold investment property comprising two modern retail units fronting this busy section of Carlton Road in Nottingham City Centre. Total Current Rent Reserved: £25,000 pax
- Occupying a prominent position on Carlton Road
- One of the main arterial routes into the City Centre
- 10 minute walk to Motorpoint Arena & Hockley District
- Close to Lidl & Falcon supermarkets
- Adjacent to Post Office & newly opened Caprinos Pizza
- 182 Carlton Rd let to Carlton Nail & Spa
- Lease ends 05/03/2029 - £13,000 pax
- Comprising: Open plan sales area, spa treatment room, W/C, storage room, staff room (829 sq ft)
- 184 Carlton Rd let to Blissful Asia Massage
- Lease ends 06/06/2031 - £12,000 pax (£14,000 pax in 2025)
- Comprising: Reception, 3 x massage rooms, staff kitchen, W/C, storage room (854 sq ft)
- Combined rental income - £25,000 pax
- All flats have been sold off on 999 year leases
- An ideal investment opportunity
Please contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 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, Auction Estates, and Vendors Solicitors 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 auction. Prospective Purchasers are advised to check with the auctioneers, Auction Estates, before the sale that the property is neither sold or withdrawn. The Purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Whilst Auction Estates make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers. Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry to such sites is entirely at the viewers' risk.
Freehold subject to the existing leases of the two retail shops. 182 Carlton Rd let to Carlton Nail & Spa - Lease ends 05/03/2029 - £13,000 pax 184 Carlton Rd let to Blissful Asia Massage - Lease ends 06/06/2031 - £12,000 pax (£14,000 pax in 2025) Note all upper floors have been sold off on Long Leaseholds comprising 4 flats
Email: matthewmaiden@bannerjones.co.uk
Telephone: 01623 675805