182A Carlton Road, Nottingham, NG3 2BB
£5,000+
Investment
4
Key Features
- An opportunity to acquire an income producing Head Lease secured against 4 residential units
- Located on a busy section of Carlton Road in Nottingham City Centre
- An ideal investment opportunity
Part of the
19 June 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire an income producing Head Lease secured against 4 residential units fronting this busy section of Carlton Road in Nottingham City Centre, producing an income of £1,000 pa
- 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
- 0.5 miles from Nottingham Train Station
- Head Lease secured against 4 residential units
- Lease Terms of 4 units - 999 years from 2018
- Each unit pays a Ground Rent of £250 pa
- Total combined Ground Rent of £1,000 pa
- An ideal investment opportunity Note: Owned by a family member of Auction Estates
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 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Head Lease with a term of 999 years from 31/03/2018 secured against 4 units all with lease terms of 999 years from 2018. Each unit is paying £250 pa with a total combined income of £1,000 pa
Refer to Legal Pack