Next auction Thursday 20th June 2.30PM

1A The Crescent, Bilsthorpe, Newark, Nottinghamshire, NG22 8QX



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Guide price

£35,000+


Property Type

Investment


Key Features

  • Retail investment in Bilsthorpe Village at the end of a busy retail parade
  • Currently let to Turkish Barbers for £4,800 pa
  • Ideal opportunity for investors

Part of the 20 June 2024 auction
Trent Bridge Cricket Ground at 2.30PM

Retail investment in Bilsthorpe Village at the end of a busy retail parade with a mix of independent and national retailers. Let to a barber at £4,800 pa

  • Retail investment within village retail parade
  • Located in the heart of Bilsthorpe Village
  • Adjacent to Tesco's Express
  • Single storey retail unit currently let to a barbers
  • Currently let to Turkish Barbers for £4,800 pa
  • Retail unit measures approximately 260 sqft (Source: VOA)
  • Surrounded by a high volume of residential properties
  • In proximity to Mining museum, Local welfare and Village School
  • Located 9 miles East of Mansfield and 14 miles West of Newark
  • Ideal opportunity for investors

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are advised to check with the auctioneers, Auction Estates, before the sale that the property is neither sold or withdrawn.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 retail investment subject to the existing lease producing £4,800 pa The property is let on a 5 year lease from 1st March 2024

Refer to Legal Pack

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